Posted On: 03/16/2014 10:15:57 PM
Post# of 2561
Hi Health,
Yes, that's exactly the formation. The problem is, as with most charting of penny stocks, they are so manipulated and volatile, that the patterns, candles and formations typically don't apply more than a few minutes or hours. The mindset of most of the penny players are focused on about 30 minutes before they start pooping their panties when a $200 or $300 investment goes against them, lol. I do use the charts for pennies, as I've mentioned in the past, for entries or exit based on previous lows, highs, the positioning of the FullSto, MACDs and the bollies. I don't really pay much attention to the candle formations. That said, candle formations do work very well with the big board stocks.
BT
Yes, that's exactly the formation. The problem is, as with most charting of penny stocks, they are so manipulated and volatile, that the patterns, candles and formations typically don't apply more than a few minutes or hours. The mindset of most of the penny players are focused on about 30 minutes before they start pooping their panties when a $200 or $300 investment goes against them, lol. I do use the charts for pennies, as I've mentioned in the past, for entries or exit based on previous lows, highs, the positioning of the FullSto, MACDs and the bollies. I don't really pay much attention to the candle formations. That said, candle formations do work very well with the big board stocks.
BT
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