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Biotech
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TA: PTI, FYI, FWIW. MA chart V2.o........ Read the Safety Manual FirstInteresting to see the conversation about "broken" and the implications about a chart being of little use. Well, its time to rotate the perspective a little, maybe even a lot. Let's toss this 50/200 MA conversation away ( save it for another time ?) Instead. lets create solution based on the principle of: "First, do no harm." aka "Safety First". Safety Rules of Engagement - Buy when- The PPS comes from underneath the 50MA and just crosses over and above it. Sell when- The PPS comes down from above the 50MA and looks to cross it in the near future (next day?) Keep in mind - When the PPS is trending down underneath both the 50 and 200MA, the Shorts/Preds are in control. They will do everything to retain control of the playing field. Once a PPS gets to $5 and under, they have even better playing conditions. Her's that PTI chart, with Buys and Sell noted on it, that put those Safety Rules in action: Very important to understand here - This is not a chart about maximizing gains. Rather, this chart is designed to minimize Losses while also identifying those windows of opportunity for being IN the stock. What will show up in short order is the personality of this PPS so far - You do not need to be "IN" this tock for anything other than the shortest periods of time. What the 200MA does is to identify just how much and for how long this PPS has gone to the dogs. Maybe, just maybe, someday we will hear the familiar refrain of: "Woof, woof ! Who let the dogs out?" |
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