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Selling pressure combined with upward (or downward

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Post# of 36729
Posted On: 11/22/2013 6:25:58 PM
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Posted By: Agent 0001
Re: AmericanSavage #13456
Selling pressure combined with upward (or downward) accumulation line in is case could likely mean light dilution imo. I saw that happened yesterday, today's charts looked pretty calm. Reading charts for pennies is a messed up science, like reading a story. One chart alone says nothing, you have to compare a few charts together to get a decent conclusion. Im no master chart reader and i dont wholly believe in technicals(for pennies) but you can really use it for 1) understanding the underlying buying, selling, dilution, money flow and volume movement 2) when other traders/promos/momos are looking to get in...thats why you can see board traffic increase when a technical is within reach, peeps are always watching and waiting to get in and scanners go nuts when they do. Some say charts for pennies is useless, but its just not used the same way as big ticker stocks imo


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