maxxam80
108 posts
msg #47519
- Ignore maxxam80 |
10/18/2006 4:32:15 PM
"Playing pennies is very profitable-y 0.0040 reco on usxp went to a high of 0.0087 today- how do you know where the tops and bottoms are. bottoms you look for the largest volume spike say in the last 1-3 months like when usxp went to from its low of 0.0030-0.0041- they usually retrace about 80% before the next big move up that made the buy at 0.0032 its last low on this run up to 0.0087. how do you know when the top is in? you use the daily rsi(2) reading live intra day day and you want a reading of 99.7-99.9 to call you top on a strong runner up . today at 0.0087 on usxp the reading was at 99.83 when it stalled. so now you next buy will be at 0.0087-0.0032= 0.0055 times 20%(for you 80% retracement)+ 0.0011 you add this to the low 0.0032+0.0011=0.0043- so you use an expanded range of 0.0041-0.0045 as you buy area- had you done this on usxp last 7 big moves this year you would be up >60000%"
can anyone make a filter to find the 80% retracement on these penny stocks
i find it hard to build as it is like close dropped more than 80% of 10 day high, and the ten day high was due to a > 30% gain in the stock price...
regards
Max
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kasheehan
8 posts
msg #47521
- Ignore kasheehan |
10/18/2006 8:21:29 PM
Try this:
Show stocks where results of coin flip = "Heads"
In other words, stay far away of any screen involving penny stocks. IMO, you'll end up very disappointed with the results.
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maxxam80
108 posts
msg #47527
- Ignore maxxam80 |
10/19/2006 6:44:00 AM
oh but but Mary for Money wrote this
he is god.......
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nikoschopen
2,824 posts
msg #47534
- Ignore nikoschopen |
10/19/2006 2:39:54 PM
Yeah, so they say. But before you expire as just another martyr for the Bloody Mary, you would be hard-pressed to think twice before acting on that advice.
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