Replies to post #90041 on WEALTH UNIVERSITY

[BMiles]

Gillete, I can't speak for Chartinator but in my opinion the plays are getting a little tuffer right now, the bulls are not as aggressive and the bears are not as afraid. Right now I am trying to adjust and take a more conservative approach. I may even dabble back into some penny stocks while I wait and see what the market is going to do since penny stocks are not really affected by the condition of the economy or the direction of the major markets.

Back to your original question pertaining to MPG, end of day was ugly indeed but T/A is still okay and a move and close above $1.40 will turn the oscillators. As long as the 20 DMA continues to support the stock then it is still okay in my opinion. A convincing move and close below the 20 DMA would not be so good.

Brad

[anotherboat12]

Id Add.