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doesn't mean anything.. No one says a stock will explode because the 50 crosses up through the 200.. The best thing to do is to look at as many charts as you can and see what happens when moving averages cross up or down...
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when the 50 crosses the 200 it is considered a bullish cross as the shorter term trend is now moving up though the longer trend. However, nothing in penny land is 100% sure thing.
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i find that TA is pretty tough with pinks. mostly because either the volume is close to zero or that its millions of shares traded in a day so getting information from charts is really hard. I personally have moved onto trading options because the underlying companies have solid volume and are actually legit...by trading options you can get similar % returns with more information to work with. after getting burned on pinks and ob's i personally have moved on. Id skip the charting and get something like Microcaptrader and ride press releases as they come out. as someone said "buy the hype sell the news". 99% of press releases being hype -Cow
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quote:Originally posted by sbrcow: i find that TA is pretty tough with pinks. mostly because either the volume is close to zero or that its millions of shares traded in a day so getting information from charts is really hard. I personally have moved onto trading options because the underlying companies have solid volume and are actually legit...by trading options you can get similar % returns with more information to work with. after getting burned on pinks and ob's i personally have moved on. Id skip the charting and get something like Microcaptrader and ride press releases as they come out. as someone said "buy the hype sell the news". 99% of press releases being hype -Cow
good post
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Personally I tend to think a golden cross is only telling you something you already know. If the fifty day moves above the 200 you are in an uptrend. You don't need those little lines to tell you that. Also, I think it is often late. Watch your RSI and MACD when you golden cross. IMO you may be near the top of your run more often than not.
BF
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quote:Originally posted by sbrcow: i find that TA is pretty tough with pinks. mostly because either the volume is close to zero or that its millions of shares traded in a day so getting information from charts is really hard. I personally have moved onto trading options because the underlying companies have solid volume and are actually legit...by trading options you can get similar % returns with more information to work with. after getting burned on pinks and ob's i personally have moved on. Id skip the charting and get something like Microcaptrader and ride press releases as they come out. as someone said "buy the hype sell the news". 99% of press releases being hype -Cow
How do you get started in options?
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