There are patterns to charts, there are pattern to darkside plays, and there are always something you see.
This rant is for all pennyland players, new to the board.
The past week or two seems all that comes to the board about pennyland are these large volume accumulation at bottom stocks or volume/price spike stocks. If one is here to learn how to stop trading on emotion. Then I recommend to stop looking for emotion.
I don't know how many times I can say, there are always accumulation surges at bottom and out of the blue price and volume surge plays on the OTC. Neither show patterns. They show emotion during a period of time.
Patterns are trades which repeat and can be relyed on for trades. Like 3 volume surges in 6 months shows a pond fishing darkside pattern and COHO has an ascending triangle chart pattern. These are plays worth strong watching.
Volume surges at bottom and price and volume surges out of the blue are weekly watchs, for something which MAY happen in the future, at best. Unless you happened to be at the right place at the right time, and play when they happened. Seeing them after does NOT signal a play.
One should be looking for patterns, something repeatable, with reliable price moves projected. Not look at me, this is a unusual price or volume occurrences.
I have posted one of my sayings many times, which fits this "need to find emotional trades", most pennylanders can't kick.
Trade what you want, not what is in front of you! I want reliable patterns ready to breakout. Not flash in the pan occurrences. And am trying to teach the difference, with little success lately.
