eTotalSource, Inc. (fka ETLS)

[michael AA]

Mornin ITguy4hire:

I also looked at the chart this morning. I believe that people chart different and get differing opinions. That does not mean anyone is wrong but charting is dependent on your style of trading. Example: I use the 10 day and 30 day MA for penny stocks due to volatility and speed. I will use the 200 day MA as a baseline. Alot of people use 30/50 day MA's.

During trading I use 30 minute and 60 minute MA's to gage buy/sells and to redajust, then I will place it on 10 minute movements to gage momentum.

When people post charts I look at their setting and determine if my trading style is similar.

The Fibonacci retracement is at almost at the 68% line. This signals a retracement.

I do not beleive that alot of traders can see how hurt the MM's are. The MM's showed it yesterday with all the 100, 200, 500, 503 signals generated.