InvestorsHub Logo
Followers 1652
Posts 18274
Boards Moderated 1
Alias Born 11/10/2004

Re: d33c4f post# 1103

Monday, 04/18/2005 3:44:09 PM

Monday, April 18, 2005 3:44:09 PM

Post# of 44374
squ1dk1d
I've said since day "1" TA doesn't work for penny stocks. Guess I never thought about your take; the MMs are the market in pennies. Basically correct in my opinion, and why TA doesn't work.

Several weeks ago I was introduced to Aroon's and find them to be very accurate indicators of manipulated stocks. That said, I've not had the opportunity to evaluate Gtel with them while Gtel is under the control of the MMs. Because Gtel has had strong volumes for some time. Looking forward to see if they holdup under low volume times! PS: today the long line arron crossed the down high. Not a good sign!

But I use TA in all my other holdings and it does work, low or high volumes! Where the market is the market, not the market makers! LOL

Thanks for you input, I like that; OTC:BB the market is the market makers. So accurate but always thought like it was the regular market, which I have 3/4 th's of my portfolio.

Seve

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.