Posted On: 03/02/2014 5:42:43 PM
Post# of 2561
PROW Daily Chart ~ Mucho Stinky!
Have I ever mentioned that one needs to listen to the charts? When the FullSto and MACDs crossed into sell signals, I forgot to listen. The penalty is a loss of approx 50%. And attempting to catch the falling knife with buys in .03s and high .02s isn't working either. Why not, you might ask? Well, just look at the chart and indicators. So what I have to do now is be patient, look for the possible support levels, such as .02/.021, wait for the chart to reset, add a few, and make sure I remember to listen to the chart when it's screaming at me to sell a few. Ouch! Lesson learned........ again. The FullSto and MACDs are entering oversold territory. The 20d MACD needs to level out before I get too interested. Although the stock has bounced off the first horizontal support, until the indicators level out and begin crossing over, I'm not sure if the worst is over yet. Time will tell. GLTA
Have I ever mentioned that one needs to listen to the charts? When the FullSto and MACDs crossed into sell signals, I forgot to listen. The penalty is a loss of approx 50%. And attempting to catch the falling knife with buys in .03s and high .02s isn't working either. Why not, you might ask? Well, just look at the chart and indicators. So what I have to do now is be patient, look for the possible support levels, such as .02/.021, wait for the chart to reset, add a few, and make sure I remember to listen to the chart when it's screaming at me to sell a few. Ouch! Lesson learned........ again. The FullSto and MACDs are entering oversold territory. The 20d MACD needs to level out before I get too interested. Although the stock has bounced off the first horizontal support, until the indicators level out and begin crossing over, I'm not sure if the worst is over yet. Time will tell. GLTA
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