you guys who use your technicals on your spec stocks sometimes need to rethink your anlaysis
its amazing how you change your mind if someone were to buy 100,000 now to 29c and it xrosses over your moving averages blah blah ..etc....
i agree that using technicals is good for blue chips and the broader market but not on small cap stocks
with small volumes and spreads on the bid n offer surely if someone sold 5,000 sahres and it moved 1 or 2 price steps and it crossed your moving average doesnt create a sell signal
technicals only work with volume - not without
dont fool yourself with textbook and sunday workshop theory on technicals - its not that cut n dry
CQT Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held