Replies to post #1582 on Composite Technology Corporation (fka CPTQE)

[PowerPole]

LickitySplit--

Thanks for the flowers...
This pullback had to happen, and it's normal and healthy.
Look at the chart and find the stochastics, it's the two light green lines running together just above the volume.
When it runs flat at the top like that for 1.5 days, that means the stock is overbought. It's an almost sure sign the price is too high and needs to come down to attract new buyers. It usually falls from the top all the way to the bottom, but sometimes when conditions are bullish, it will bounce up at the mid point(50) and start up again. That is what I hope will happen here.

I retired from a 15 year OTR Trucking career three years ago when I met my Better Half. She taught me chart patterns first, then volume studies, and then I started hunting the internet for chart and technical analysis tutorials, and took off from there. I see charts everywhere now, gotta admit I'm hooked. For the first two years I was a very active day trader and got a lot of real time experience in a very short time. I used to buy YHOO every time the stochastics hit the bottom on the ten day/hourly chart, and sold when it hit the top, and did rather well with that strategy (that's a good one for you to look at as part of your chart studies). Now I am an "Investor", overweight in CPTC with no plans to sell this year.

Just remember, there is a lot more to being a trader than reading charts. It is just one tool of many one must use to be successfull...

I havent't heard from you in a while. All OK?
Did you hold on that dump to 3.26 or hold? Your first entrty price didn't hold up your first week or two...Did you get more at that bottom?
Good Luck To You,
Musk