TSXV:AAA.P - Post by User
Comment by
mediascan59on Jun 14, 2011 7:16pm
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Post# 18715185
RE: RE: RE: Mediascan
RE: RE: RE: MediascanI can give you a basic 101 here on charts but you would need to have access to live intraday charts. If you do however, a very basic way to see the direction or change in direction of a stock, i like to have the 7 minute 1 day chart working and watch the slow sto. When it crosses over I may buy or sell depending on other indicators or thoughts, but generally a good indicator to follow.
Charting pivot, support and resistance lines take a long time to learn. I've been doing it for about 10 years and still don't come close to some experts I chat with during the day.
In fact I was just chatting with someone who is a genious in charting and his pivot line is 2.067...I can't even get that number no matter how I try, but it does give me a pivot window so to speak.
The caution as with any play is not whether the MM's get this down tomorrow to 2.10, 2.06, 1.98 or 1.95...what is important is that it goes back up again either late tomorrow if that were to happen or the following day...otherwise...as we all know, there are those in the know before us, and if the stock is getting pulled down, then there usually is a reason, just the same as when a stock is getting pulled up.
Imo, tomorrow is a very important day and indicator and should be for anyone wishing to make money in this play.
Mediascan