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Phin

10/05/14 12:24 PM

#10198 RE: jimmenknee #10197

Jimmeknee,
Just wondering why you have such a keen interest in this stock? As I've seen on the other boards you post on you deal with big board stocks. Is it because you see a lot of potential here? Or that you see this stock is similar to big board stocks in certain ways even though it's an OTC?
Just wondering,
Thanks,
Phin

jimmenknee

10/06/14 11:16 PM

#10386 RE: jimmenknee #10197

Money Flow Chart Update: "Wary of Weary Volume" (option 1 in previous post)

The price stayed nestled between Fibonacci Pivot Points (P = Pivot & S1 = Support 1) on Volume approx 10 times less than 8EMA.

Money Flow TA 3 Cycle Hinting at Divergence: Money MOMO (ChiOsc) continued in a downward (negative) direction, which contradicts the short-term Retail (CMF 3) and "Smart" (read: manipulative) Money (MFI 3) upturn.

To note, the monthly cycle of Retail/"Smart" money direction continues its downward trend as the first of three remaining larger buy volume bars was removed from calculations...

... this accentuates the volume (PVO) conundrum as it pertains to direction-- no news up drift within a temporary illiquid float will eventually give way to flippers/"smart" money sell volume (especially when "loaded" within a larg(er) b/a gap).



(FTR: statistically a Bullish Engulfing candlestick pattern has no better than a ~50% chance of both "confirming" Bullish and generating a successful trade when track against OTC stocks for the past 3+ years.)