i play the RSI and stochastics. Looking at the last break above .02 back in june/july, that was the last time the RSI was ever that high above 50 as it is now. That indicates amazing buying power in the here and now. If the RSI breaks above 70 this will be one killer run back to .02 EASY, maybe even higher. If the price hits .012-.014 before the RSI hits 70, we will see .02 come quickly, or higher with news.
When it comes to the Full Stochs, It is almost 100% certain you will have a parabolic breakout when they hit 67. That is the Major indicator for me. It works like a champ. I ran across a charting blog where a dude has made fortunes with that tip, and i tried it with HESG, zevotek and now I am in ATNP (currently on a major run with the full stochastics way into the 80's and still showing stregnth to continue running)...worked gangbusters. Look at the weekly chart, if you had purchased this stock when the stochastics hit 67 back in june yo would have caught it at the very begining of that run to .02 for a 10 bagger.
People who claim charts dont work on penny stocks are just plain ignorant. If that is the case, why I am up 600% in the past 2 months playing charts alone? not all I choose are winners, so I cut them loose early, why? because the chart told me to, not a pumper or basher. I come to these boards to see what news is pending to drive the stock higher as well as the charts, and to get the overall sense of community sentiment.
Listening to pumpers and bashers has cost me hundreds of thousands of dollars in the past. Yes, hundreds of thosands. Bashers normally is what killed me. I listened to them in 2004 and didn't buy HANS and missed that killer 18 month run with multiple splits. I would have made 1.7 million dollars. I missed CTIC at .08 just a few months ago listening to bashers. We all know that one went to over $2.00. I had an order in to buy 64,000 shares at .08, I could have paid my house off in california with that cash.
CHARTS NEVER LIE, PUMPERS AND BASHERS DO.
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