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Replies to #1943 on Jon's CHARTS

jon_e_og

02/20/06 11:28 AM

#1944 RE: otcbargains #1943

longterm down trend into subpenny zone, trying to build a base down here but history has shown it unable to put in any real bottom...there has been a large pick up in volume off the new lows which is bullish but was unable to hold above above .043 retrace after its test of .07 ressistance

Id be watching for a .045 break on some volume and increase my position on a .07 break...would also like to see it hold .03, remember this is an illiquid OTC in longterm downtrend that ur trying to play off bottom, it needs to prove itself first

athlonmanK deals w/ these otcbb bottom plays, maybe he can give his opinion as well...

good luck