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scott64

11/11/09 5:03 PM

#12887 RE: Run4It #12886

I have to just go by the big picture instead of charts. Face it we know the news and all it's perks come in a handful of trading days. So far the penny stocks have really been asleep, I think we will be center stage soon.
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LuvThatMoney

11/11/09 5:53 PM

#12889 RE: Run4It #12886

what you've heard for the last week is mainly my calling of bottoms on the hourly and 15 minute charts, these are short term and happen frequently, the 15 minute resets intraday and hourly doesn't take more than a day to reset usually so that's why you've heard that, the daily on the other hand hasn't bottomed since we started the downtrend, hourly and 15 minute call for short term pops or dips, daily is much longer term and is good to use for moves that occur over a number of days, the daily is currently bottoming as it has finally dipped into the oversold territory on many indicators and sitting at many buy signal levels on the others, the daily should start to turn by the end of the week imo, could do it as early as tomorrow, but once it does it won't be a minor gain, when the daily turns it will be the start of a brand new uptrend aka second big leg, if you count the first one being when this ran from .003 to the low .02s, so now you can see how big of a move a daily chart can make before it has to reset, with us sitting in the .013 area now for the second leg i would expect anywhere from a 200-300% gain over a number of days/weeks before it resets again, now you can see why the daily bottoming is a huge signal for an upcoming uptrend, two other stocks that had similar initial runs like us, which will remain nameless to prevent spam except for their first letter GXXX and XXXX, had the exact same daily chart reset we just had, they both this week have started running off of their bottoms and already gone up over 50% just to start, the daily bottoming really is huge especially if it is combined with symbol change and/or a divy news, imo by next week we'll be seeing new highs for sure, let me know if you have any more questions