Recent content by PennyTrader

Definitely, nothing beats the Price and Volume, they are so obvious but so easily ignore (or on purpose), the thing is how many traders know how to read it, traders always chase the fancy indicators, some famous group (I don't need to mention them, you know them) even put price, volume, and...

This could be it: http://www.squidoo.com/stock_technical_analysis

Huge bounce on Chinese market last night, almost 9% gain, lol. The chinese new year is coming.....

The market and QQQQ bounced very fast from the trendline of $41.70.

reached $42s, but he market still have more room to go down, not hitting the trendline yet........

LDK dropped to $31, it is slaughtered on bad technicals.

CSIQ dropped so fast to $15 from $24 in a matter of 3 days.

ETFC - almost the same pattern like yesterday at 2:00 PM:

DOW 12600:

ETFC is almost at the same spot like yesterday around 2:00 PM technically wise, does it have enough strength to repeat what happened yesterday after 2:0 PM on a Friday? The market keeps falling into the last two trading hours.

ETFC bounced right off 3.10, $3.20 could be a tough resistence to pass. But if it passes 3.20 this time, could see a big short sqeeze coming.

ETFC - $3.10

ETRD has been trading at 0.05 to 0.10 narrow range for almost three hours, it will up or down to break this range.- 1 million volume tick chart:

A chart like ETFC is what I like, a nice candle formation yesterday (signal of trend reversal), shall see a nice sky blue candle (higher high and higher low), if it is starting to move, ETFC could see $4s. Intraday wise, a dip to $3-3.10 would be super: