Replies to post #24248 on lowtrade

[lowtrade]

PCFG reply post.

Nice to see someone is thinking for themselves. Yes you caught a conflict in things I post about.

I can explain.

Charts patterns do fail more often on the OTC, then big boards. And they should not be relyed on as strongly on the OTC. So why am I posting about chart pattern projections? Because they do work, but should not be relyed on as strongly.

With PCFG, there is a OTC game backing up the pattern seen in the chart. I've posted about that also. I am not relying completely on the chart for the 12 cent target. I also feel VCs are holding shares at 5 cents and they are the ones creating the patten in the first place. I feel they will want and shoot for the same double, the 3 cent VC shares got, at 6 cents +.

So you take a chart pattern, which should not be completely relyed on and a tin foil hat guess at a VC driven run for a double and we end up with; A 10 cent + target on the darkside play and 12 cents one on the chart pattern target play.

This adds to finding comfort playing both retrace trend line break, for a small position and a larger entry at the previous high resistance break. Which would place the price in new highs land!

We have a combo of darkside games and a charting history pattern agreeing, to add comfort to a trade decision. As always, one should not HOLD for the target, on expectations alone, if you see exit signals along the way. Exit along the way like any trade one is involved in.

And if you sell on a high candle spike or a red day after, don't move to the next play. Because thats when insiders usually take a good PR from the stack on their desk and release it, to support the continued VC selling, until it is complete.

Thanks for questioning the guru's conflicts. It shows the signs of an individuals brain functioning. And I like seeing individuals challenge me, more then being correct all the time. Many times I make mistakes and they wiz right buy. Thats not good for anyone. Keep keeping me honest and question whats not clear or completely understood. All benefit from that.

[lowtrade]

PCFG

Oh yea one thing about charts and the story and which to rely on.
Never believe the story, trade retail reaction to it. News does trump all on the OTC, but the herd mentality takes alot to break. And being (late) with trumping news, usually doesn't effect continuation. Not selling shares into those runs, usually is what stalls or stops them. And continued selling into expected news, usually keeps continuation going on its own.

You see if my theory is correct, there doesn't have to be the PR Monday. Just VCs selling higher for continuation. Insiders may still hold the PR for any sign of a stall or retrace !!!! Thats when the PR tool does the most good!
Actually the wanted PR on Monday would suprise me. And I'm not sure what I'd make of it if it did hit on time.