Phoenix Associates Land Syndicate (fka PBLSQ)

[bigfatbull]

Macd, I used to do the same thing until I looked for volume pops in oppossition of the preceding trend.

Meaning, it's very hard to pull a major downswing out because of holders flipping when the stock does try to revert.

However, pennies and sub-pennies who start to make upward movements, tend to continue to follow the trend.

Don't mistake a correction after a pop as a "trend". The first POP is almost ALWAYS an early indicator. In fact, I know guys who screen for these indicators on penny stocks.

The china tech group example, is quite simply a down trend.

It has consistently gone down. Whereas pbls, it birthing from sub-penny land.

Two completely different plays.

Of course, all IMO.

b