EliteG Infinite Compound Project

[gmarc66]

Hey RJ!!

I did applaud Eliteg on your behalf

have a great day!

julia

[eliteG]

Hey G, 

I owned some shares in EPYH that I could have taken a double on at .05, but I still owned them all down to .0088.  Same old dreams.  Saw the volume today and picked up an additional 200k shares and sold them at .023 and kept my original stake.  I would never have sold them if I had not learned some lessons from you.  Would still have my head in the clouds.   Kudos to you. 

These were the best 3 days of trading for the year for me, even wtih the amep pullback.  Even my GRYF woke up, which I had already kissed those shares goodbye. 

Have a great weekend. 

best 3 days of trading!  thats awesome oic!

Elite,
I assume you are still holding your AMEP shares you had left from yesterday?

yea, I'm thinkin AMEP might continue its run next week.. I dont usually hold a penny that long but it feels ok since I sold 60% already.  What I'm excited about is the potential for MBAH.  If I am correct then this could be the beginning of a powerful move.

Hey RJ!!

I did applaud Eliteg on your behalf

have a great day!

julia

thanks julia and RJ 

[rickjust]

Well.. I have to conclude my week as "very dissapointing" as far as my day trading goes.
3 of the stocks I got in this week (AMEP, AVNC, PANC) ended up 15-20% down.
It was supposed to be a daytrade but each of those went down adn I was hoping for a bounce. That's how my day trades become long term

I can just hope for a better week (next week I hope).

hi,
i am holding amep as well. the chart looks good and i think .04 will hold. any help here on the ta for next week would be helpful.
got in at. 047, and the night before at .052 so not a great day. gonna hold em now and see how it shakes next week .
thanks,
maxi

[rickjust]

hi,
to elite g , thanks for all your work.
i asume the g pattern has broken down for amep . is this correct or is there still room for this to occur
thanks,
maxi

[eliteG]

hi,
to elite g , thanks for all your work.
i asume the g pattern has broken down for amep . is this correct or is there still room for this to occur
thanks,
maxi

your welcome rickjust 

G-pattern is still in play unless we break .03 but it may be that another one is setting up, and yes thats something to be excited about     I'll get a chart up this weekend that shows that 

[RJ]

Hey RJ!!

I did applaud Eliteg on your behalf

have a great day!

julia

Thanks Julia !!

RJ

[rickjust]

hi,
thanks e.g , just looked at the daily candlestick for amep . bearish engulfing pattern. ?
maxi

[RJ]

hi,
thanks e.g , just looked at the daily candlestick for amep . bearish engulfing pattern. ?
maxi

Rick,

From what little I understand, the daily candle is engulfing, but the definition is not clear at that point. It states that the term "bullish" if it is in an uptrend, and "bearish" in a downtrend. Help me out...AMEP has been in an uptrend, and this candle confirms a bearish reversal?? Sorry for such a stupid question, but I gotta learn...

RJ

[rickjust]

hi,
thanks for your reply rj.
my limited understanding is that eventhough amep is in an intermedaite uptrend the daily chart would suggest a retracement . it might only be for a day or two before it resumes it's uptrend
does this sound right ? just learning myself so i don't have anything definitive
thanks
maxi

[basonista]

The candlestick pattern is a Bearish Engulfing pattern as you mentioned, RJ.  It is not necessarily a reversal pattern but will be considered a stronger indication of one (confirmed) if Monday closes down also.  If Monday closes up then the pattern was false and you would look to other patterns forming in the following days to determine direction.

[eliteG]

The candlestick pattern is a Bearish Engulfing pattern as you mentioned, RJ. It is not necessarily a reversal pattern but will be considered a stronger indication of one (confirmed) if Monday closes down also. If Monday closes up then the pattern was false and you would look to other patterns forming in the following days to determine direction.

great explanation  (applaud)

This the momentum penny game and I dont think AMEP is done yet   

[gmarc66]

Hey Eliteg....since you mentioned MBAH in this thread , I thought I would throw in the link here for MBAH's thread started in pennystock picking so others can easily check it out.

Also, there was news on Friday for MBAH...i included in the thread, check it out.


http://www.3stocksonfire.org/trading/index.php?topic=2828.0

hope you're having a great weekend


julia

[RJ]

The candlestick pattern is a Bearish Engulfing pattern as you mentioned, RJ.  It is not necessarily a reversal pattern but will be considered a stronger indication of one (confirmed) if Monday closes down also.  If Monday closes up then the pattern was false and you would look to other patterns forming in the following days to determine direction.

Thank you basonista and Elite. I see your point on the confirmation day needed after a pattern appears, or starts to form. I bought HYRF at the "golden cross (.19 "/-) and that is one that Setravis brought to light. Also, thank you David for your earlier response on the "hammer". I have learned much this week. You guys are incredible. May you have a great weekend....!

RJ.

[MarketMakerz]

EPYH!

[eliteG]

MBAH looks like its settng up to rock.. up 14%
I really feel it is just the beginning on that one.

AMEP showing early pressure.  I sold half at the open and will let it all go if the stock makes a new low today.