InvestorsHub Logo
Followers 331
Posts 4031
Boards Moderated 0
Alias Born 05/17/2011

Re: RyGuy post# 29741

Thursday, 05/26/2011 3:16:53 PM

Thursday, May 26, 2011 3:16:53 PM

Post# of 98509
I do not solely use charting. Charting is a timing tool. Right now, my charts are telling me not to buy TYTN. However, since I'm looking to enter the market at a good price on the long side based upon the fundamentals, I'm not going short here, I'm waiting for a better price which the charts say is inevitable. I got to hand it to you bulls however, you actually scared the bears a little today. So much so that it prompted a short covering rally back to $0.0045 where there were still a lot of short orders waiting. I expect that many who were short at $0.004 and got stopped out also sold again for a day trade and as of right now, it looks like they took money out of the market and are right back where they started from. I expect lower prices again tomorrow.