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Re: tnyellowtomcat post# 14499

Sunday, 07/29/2012 11:30:36 AM

Sunday, July 29, 2012 11:30:36 AM

Post# of 232999
You are correct in many of your points. In fact in pennyland TA really is not all that helpful in predicting stock price. Usually this is because the only thing that moves these stocks is news and/or rumors and one never knows when those are coming. The one thing about TA I do find very helpful here are support and resistance levels. For instance if I can see that LQMT is in a gradual decline, I may look to the next support level (say .265) to add shares to my position. I am sure most here already know all this, but I thought I would respond to your post anyway. Good day.
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