Wednesday, April 11, 2012 12:17:59 AM
Also, i took a risk playing the MACD, i noticed in the past the MACD moves violently towards the centerline, and i saw a slight shift in that direction when i looked into it over the weekend and how it separated from the other.. and that there was a lot of consolidation occurring, and i noticed the "dragon fly doji" and "gravestone doji" both could represent either or bullish or bearish, and either way needed confirmation.. so i turned to volume.. and at that point volume was increasing reaching its highest point within the last month.. so then i looked at the MACD, and saw the lines shadowing each other starting to separate and the last time all 3 of these happened together it shot violently upward.. so i took the risk and jumped in.. some would say wait for bullish confirmation meaning to wait till it closed today.. but then i wouldnt be up 120% intraday, and 72% by close :)
if i'm wrong in the way i am reading this chart please by all means let me know.. i am always open to learn..
Also we've all heard the saying,"those who do NOT know history, are doomed to repeat it" applied to stocks, you are doomed to watch it happen again without jumping in and making some money! :) i mean its penny stocks.. everything about it screams risk!
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