Lol.....good observations bud........I just had major Déjà Vu watching the YouTube video.........for those of us that have been around for a while we've seen the recycling of the tricks of the trade.........I get caught up in the hype as well at times.......always a red flag.........I wanted to point out the video to the new traders, so they aware of certain red flags...........combine the video, weekend hype, no shares left on AS, last weeks TA change, MJ websites being non profitable, overbought charts and the signal is caution........
That said, as always play the momo until the momo runs out.......looking at a one hour chart now........closed w/ a bearish Harami pattern..........MA(7) @ 0.0073 on the 1 hr. Chart........if it breaks MA(10) @ 0.0063 should get tested........on a pullback it's possible MA(20)/middle BB @ 0.0049 could get hit.........this is what I'm seeing this weekend, but if you read the UTRM board it is all hype.......I tried to throw in some reason just for debates sake and got crucified by the "wolf pack"......lol.......I have a couple of board strategies to read the behind the scenes action.......ask the right questions and it draws everyone out of the woodwork......play devils advocate and some good DD pops up..........I can't stand paid, resident bashers.........they kill the information stream........tarnishes the conversation........but if you get some good traders debating the facts you can uncover some good DD that maybe you've overlooked or haven't thought of.........I really like to hear what the bears have to say if I'm long........I already know why I'm a bull, but what's important is the other side of the trade.......in penny land it seems the bears are always the most informed.......everything centers around financing in penny land......the bears have lawyers and MBA's on their team......they are always much more knowledgeable about the Financing.......this is what makes the market so intriguing for me.......I literally learn something new everyday and everyday I'm humbled and inspired to become a better trader and chartist.........$$$
