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Tuesday, August 14, 2012 2:03:18 AM
Sorry, I've been trading pennies for years and followed the chart rules (yes, I can read a chart and interpret it) yet they never play out a lot of the time. Now when I bought a NASDAQ stock recently, I used the chart as a way to figure out an entry point. When I saw my low point, I bought and haven't looked back.
Charts can help us with pennies but to say that this will fall because you see some problem with the chart is just plain silly. An experienced penny trader knows charts are but one part of the equation. In a situation like ours, there is a lot more at play here.
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