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Re: trader53 post# 11859

Wednesday, 04/14/2010 4:01:15 PM

Wednesday, April 14, 2010 4:01:15 PM

Post# of 64333
You can NOT us charts on pinks...They NEVER work.

Edurk is just trying to help walk this down because he's daytrading this stock, and he's looking for a new entry. When you're in the Pinks the stocks are always NEWS driven and TA can be enjoyable to work on, but truly worthless in making money down here. For example the chart could tell you it was going to .096 and it runs right to .185 like it did the last time Edurk said it was headed to .096...lol - When news breaks this stock is long gone, and it won't care a bit what the chart looks like at that moment. Charts can be quite effective on the NYSE or Nasdaq.