Futures are up quite a bit rt now....debt ceiling ...progress made...progress being the keyword here ...
ACFN - gap up, then crap, test support if it holds then test the past day's resistance....just for an intraday scalp cuz nothing's worth holding long rt now
ATEC- chart turning ...coming off oversold levels, if it breaks 2.80 its a goner...
CNAM - i've pretty decent history with this one...am profit taking and retest ...and so on but i dont expect it to break the previous high though jst a red to green play for an intraday
BLTI one more time on scan, jst throwing it out there
BPOP planning on playing this one , same gap crap and red to green , but i m going to stay long on this one
NTWK expecting one more day of upside or flatline
G luck trading
JJ
Sunday, July 31, 2011
Friday, July 29, 2011
Rundown for Friday's Picks
dismal markets...DJI five days in the red, one of the worst week's in S$P's history... and so on
CTE - closed down 7 cents, otherwise held pretty good, still on watch for uptrend,if it holds 4 we should be good, charts:
http://stockcharts.com/h-sc/ui?s=cte
http://www.google.com/finance?q=cte
CHNG - still on watch, charts :
http://stockcharts.com/h-sc/ui?s=chng
http://www.google.com/finance?q=chng
IPAS consilidation should have upside, afterhours was 10 cents up 1.80 charts:
http://stockcharts.com/h-sc/ui?s=ipas http://www.google.com/finance?q=ipas
PMI sucked ..red candle ...giving up on it
http://www.google.com/finance?q=NYSE%3APMI http://stockcharts.com/h-sc/ui?s=pmi
RDNT a winner amongs losers, was originally on wednesday's watchlist up around 30 cents from then, still has upside imo, am profit taking expected, retest today's high and if it goes through next resistance around lower 3.90 s
http://www.google.com/finance?q=rdnt
http://stockcharts.com/h-sc/ui?s=rdnt
ZN- chart doesnt look so good rt now,
http://stockcharts.com/h-sc/ui?s=zn
http://www.google.com/finance?q=zn
EXM- am profit taking is always there so if it is holding above a previous low there's always a pretty good chance it goes red to green, close up 7 cents still has more upside to it
http://www.google.com/finance?q=exm
http://stockcharts.com/h-sc/ui?s=exm
SOMX and MNKD both heading back to oversold levels , not looking so good on both
CHBT- up 15 cents again today , up 61 cents since tuesday
SMED - came out a winner which i gave up on
CSUN still going
CYDE - still going
TBSI - still going closed at hod , gap up at open crap test previous highs then we take it from there, capitalizing on the patterns
Have a good weekend
Later
JJ
CTE - closed down 7 cents, otherwise held pretty good, still on watch for uptrend,if it holds 4 we should be good, charts:
http://stockcharts.com/h-sc/ui?s=cte
http://www.google.com/finance?q=cte
CHNG - still on watch, charts :
http://stockcharts.com/h-sc/ui?s=chng
http://www.google.com/finance?q=chng
IPAS consilidation should have upside, afterhours was 10 cents up 1.80 charts:
http://stockcharts.com/h-sc/ui?s=ipas http://www.google.com/finance?q=ipas
PMI sucked ..red candle ...giving up on it
http://www.google.com/finance?q=NYSE%3APMI http://stockcharts.com/h-sc/ui?s=pmi
RDNT a winner amongs losers, was originally on wednesday's watchlist up around 30 cents from then, still has upside imo, am profit taking expected, retest today's high and if it goes through next resistance around lower 3.90 s
http://www.google.com/finance?q=rdnt
http://stockcharts.com/h-sc/ui?s=rdnt
ZN- chart doesnt look so good rt now,
http://stockcharts.com/h-sc/ui?s=zn
http://www.google.com/finance?q=zn
EXM- am profit taking is always there so if it is holding above a previous low there's always a pretty good chance it goes red to green, close up 7 cents still has more upside to it
http://www.google.com/finance?q=exm
http://stockcharts.com/h-sc/ui?s=exm
SOMX and MNKD both heading back to oversold levels , not looking so good on both
CHBT- up 15 cents again today , up 61 cents since tuesday
SMED - came out a winner which i gave up on
CSUN still going
CYDE - still going
TBSI - still going closed at hod , gap up at open crap test previous highs then we take it from there, capitalizing on the patterns
Have a good weekend
Later
JJ
Thursday, July 28, 2011
Watchlist for Friday, July 29, 2011
CTE -good looking candle, it made a higher high and higher low in the past week, checking for an uptrend, should see some upside tomorrow
CHNG - from yesterday again on scan
CCM - has been on scan since the past two days, low volume play, illiquid, just for watches
IPAS from the day before still on scan , its jst inching its way up
PMI kinda oversold 1.08 and 1.14 resistance cautious play but expecting green tomorrow
RDNT from some days before still on scan
ZN- oversold play , should have upside
EXM - oversold play
SOMX -oversold play
MNKD oversold play
A lot of oversold plays, caution though they have no clear support cuz its new waters for these stocks to be in and you really dont know till what level they are willing to drop , always aim for the oversold levels on the 1 minute chart and always keep a certain percent stop loss that you are willing to lose on an equity.
CHNG - from yesterday again on scan
CCM - has been on scan since the past two days, low volume play, illiquid, just for watches
IPAS from the day before still on scan , its jst inching its way up
PMI kinda oversold 1.08 and 1.14 resistance cautious play but expecting green tomorrow
RDNT from some days before still on scan
ZN- oversold play , should have upside
EXM - oversold play
SOMX -oversold play
MNKD oversold play
A lot of oversold plays, caution though they have no clear support cuz its new waters for these stocks to be in and you really dont know till what level they are willing to drop , always aim for the oversold levels on the 1 minute chart and always keep a certain percent stop loss that you are willing to lose on an equity.
Rundown for Thursday's picks
All the indexes were up till midday in hopes of the debt ceiling confirmation but it started crashing .....DJI closed down around 60 points NASDAQ flatlined and S&P closed down 4 points. As for my picks, all of them were in the green till midday...
TBSI- was right on the money, some am profit taking, tested 1.35 then went back up and tested 1.64, hit a high of 1.76 , 40 cents scalp right there... closed at 1.57 , looks like it still has some upside to it, watch resistances and supports, Charts:
http://www.google.com/finance?q=tbsi
http://stockcharts.com/h-sc/ui?s=tbsi
CYDE -low volume play, hit a high of 97 cents closed 4 cents up, was good for a 10 percent scalp intraday, might have some more in it but i'm leaning towards a red candle tomorrow, Charts:
http://www.google.com/finance?q=cyde
http://stockcharts.com/h-sc/ui?s=cyde
CHNG -another low volume play, this thing gapped up around 9 cents, but still closed up 16 cents , never hit the oversold levels for an entry, today's candle looks healthy should see some more upside, Charts :
http://www.google.com/finance?q=chng
http://stockcharts.com/h-sc/ui?s=chng
OXGN - didnt quite do it, not enough shorts covering, its in a downtrend, maybe a little lower we'll have a good scalp , hit a high of 2.05 .Charts:
http://www.google.com/finance?q=oxgn
http://stockcharts.com/h-sc/ui?s=oxgn
CSUN- hit a high of 1.62, the last time it hit oversold levels it went on for a couple of days, i am leaning towards an upside this time around too but the doji doesnt look so good, charts:
http://www.google.com/finance?q=csun
http://stockcharts.com/h-sc/ui?s=csun
From Tuesday's picks
CHBT kept on going..friggin pink stock
RDNT bad call on that one, reversed right back up closed up 13 cents
SMED from tuesday, done with profit taking headed rt back up , starting an uptrend imo , but closed right at resistance, the open tomorrow confirms if its an uptrend or not
TBSI- was right on the money, some am profit taking, tested 1.35 then went back up and tested 1.64, hit a high of 1.76 , 40 cents scalp right there... closed at 1.57 , looks like it still has some upside to it, watch resistances and supports, Charts:
http://www.google.com/finance?q=tbsi
http://stockcharts.com/h-sc/ui?s=tbsi
CYDE -low volume play, hit a high of 97 cents closed 4 cents up, was good for a 10 percent scalp intraday, might have some more in it but i'm leaning towards a red candle tomorrow, Charts:
http://www.google.com/finance?q=cyde
http://stockcharts.com/h-sc/ui?s=cyde
CHNG -another low volume play, this thing gapped up around 9 cents, but still closed up 16 cents , never hit the oversold levels for an entry, today's candle looks healthy should see some more upside, Charts :
http://www.google.com/finance?q=chng
http://stockcharts.com/h-sc/ui?s=chng
OXGN - didnt quite do it, not enough shorts covering, its in a downtrend, maybe a little lower we'll have a good scalp , hit a high of 2.05 .Charts:
http://www.google.com/finance?q=oxgn
http://stockcharts.com/h-sc/ui?s=oxgn
CSUN- hit a high of 1.62, the last time it hit oversold levels it went on for a couple of days, i am leaning towards an upside this time around too but the doji doesnt look so good, charts:
http://www.google.com/finance?q=csun
http://stockcharts.com/h-sc/ui?s=csun
From Tuesday's picks
CHBT kept on going..friggin pink stock
RDNT bad call on that one, reversed right back up closed up 13 cents
SMED from tuesday, done with profit taking headed rt back up , starting an uptrend imo , but closed right at resistance, the open tomorrow confirms if its an uptrend or not
Wednesday, July 27, 2011
Watchlist for Thursday,July 28 2011
For what its worth... in this hopeless market
TBSI -decent chart, should really position the buying tomorrow though, rose 21 percent today, should see some profit taking, should test 1.64 area again , in case of profit taking watch the low 1.30s are if it holds there
CYDE - expecting another day of upside, tight stop loss because at oversold levels theres no clear support
CHNG - same goes for this as the one above
OXGN -expecting a short covering to come through...for a scalp intraday , tight stop loss
CSUN -test 1.50 bottom, if it holds good for a rebound
Gluck trading
JJ
TBSI -decent chart, should really position the buying tomorrow though, rose 21 percent today, should see some profit taking, should test 1.64 area again , in case of profit taking watch the low 1.30s are if it holds there
CYDE - expecting another day of upside, tight stop loss because at oversold levels theres no clear support
CHNG - same goes for this as the one above
OXGN -expecting a short covering to come through...for a scalp intraday , tight stop loss
CSUN -test 1.50 bottom, if it holds good for a rebound
Gluck trading
JJ
Rundown for today's picks
DJI down 198 points, Nasdaq down 75 points, S&P down 27 points...sea of red
Its a bearish market...washington's off bickering and the market's off selling....
my picks held up pretty good though given the disgusting market
ALTH - was in the green hit a high of 1.92 and closed at 1.89 ,pretty good looking candle but given the market i would take profits cuz any profit is better than no profit, Charts:
http://adf.ly/2E0Ui
http://adf.ly/2E0VK
IPAS-closed up two cents, closing up green today was a rarity....tight stop losses on everything in this market
Charts:
http://adf.ly/2E0tB
http://adf.ly/2E0uh
COOL -gave away what it got yesterday, was a pretty decent red to green play but never did hit that green spot, not looking good rt now
Charts:
http://adf.ly/2E0yf
http://adf.ly/2E0yw
RDNT-held up pretty good but was expecting more, bearish doji, decrease in volume, the stock is in a downtrend i was hoping for a lower high from a couple of days of upside...looks like its going under for a second bottom, charts:
http://adf.ly/2E1Aw
http://adf.ly/2E1B5
LLNW didn't even test 5 jst was on a continuous downtrend so much for red to green play, lower highs and lower lows all throughout the day
CHBT this friggin pinkie jst went on and on, increase in volume this is getting noticed but we must see some profit taking soon cuz whats a stockchart without some red candles, closed at 2.37, up 45 cents from tuesday open, wish i had bought that sucker, SMED tanked and jst about everything else was bloody red....jst the wrong time to start writing a blog about stock picks...
Its a bearish market...washington's off bickering and the market's off selling....
my picks held up pretty good though given the disgusting market
ALTH - was in the green hit a high of 1.92 and closed at 1.89 ,pretty good looking candle but given the market i would take profits cuz any profit is better than no profit, Charts:
http://adf.ly/2E0Ui
http://adf.ly/2E0VK
IPAS-closed up two cents, closing up green today was a rarity....tight stop losses on everything in this market
Charts:
http://adf.ly/2E0tB
http://adf.ly/2E0uh
COOL -gave away what it got yesterday, was a pretty decent red to green play but never did hit that green spot, not looking good rt now
Charts:
http://adf.ly/2E0yf
http://adf.ly/2E0yw
RDNT-held up pretty good but was expecting more, bearish doji, decrease in volume, the stock is in a downtrend i was hoping for a lower high from a couple of days of upside...looks like its going under for a second bottom, charts:
http://adf.ly/2E1Aw
http://adf.ly/2E1B5
LLNW didn't even test 5 jst was on a continuous downtrend so much for red to green play, lower highs and lower lows all throughout the day
CHBT this friggin pinkie jst went on and on, increase in volume this is getting noticed but we must see some profit taking soon cuz whats a stockchart without some red candles, closed at 2.37, up 45 cents from tuesday open, wish i had bought that sucker, SMED tanked and jst about everything else was bloody red....jst the wrong time to start writing a blog about stock picks...
Tuesday, July 26, 2011
Watchlist for Wednesday, July 27 2011
ALTH - jst coming off oversold levels should see some green closing price : 1.83
IPAS - decent bullish candle today..should see some upside , 1.75 resistance, Closing price 1.68
COOL - looks like it has found a bottom for a little leg up ..know when to take profits though , closing price 2.73
RDNT - an oversold play ..looks like its coming off a bottom, close at HOD, gapup,crap..thats when it decides which way to go ..the crap part is the important area to watch on this one ..
other watches from previous days
Ideal buying conditions....all that good stuff
Everything i put up here are jst my opinions, please do your own due diligence...
Happy trading
JJ
IPAS - decent bullish candle today..should see some upside , 1.75 resistance, Closing price 1.68
COOL - looks like it has found a bottom for a little leg up ..know when to take profits though , closing price 2.73
RDNT - an oversold play ..looks like its coming off a bottom, close at HOD, gapup,crap..thats when it decides which way to go ..the crap part is the important area to watch on this one ..
other watches from previous days
Ideal buying conditions....all that good stuff
Everything i put up here are jst my opinions, please do your own due diligence...
Happy trading
JJ
Rundown for Tuesday's picks ...did u see LLNW????
LLNW- from yesterday ...i didn't think it would climb that much, anyways closed at HOD, should retest 5 and 5.15 areas , i hope it breaks those and goes ... should gap up at open then crap a little ...red to green play and retest highs and resistances, Charts :
http://adf.ly/2C0l1
http://adf.ly/2DQfZ
NABI - from yesterday , held up pretty well given the stinker market right now, consolidation before the next leg up, hope it doesn't consolidate too long, Charts:
http://adf.ly/2C0fc
http://adf.ly/2C0gO
DRL should go green tomorrow,
LVLT below MA lines its a sell IMO others from the day before still on watch except that sucker PIP which I so would have shorted the shit out of ..
As for today's picks ,
SMED- if it breaks 97 it should rally a little more or else be ready for some profit taking, Charts:
http://adf.ly/2DQoK
http://adf.ly/2DQpP
BLTI- awful, lets see if holds 3.58 it should go green tomorrow, charts:
http://adf.ly/2DQrx
http://adf.ly/2DQsA
ONCY- was a pretty decent play for red to green after the profit taking..if only the market would let up ..., Charts:
http://adf.ly/2DQwk
http://adf.ly/2DQxD
CHBT- funny how the stocks i put on watch go up handsomely and the others jst trade sideways , candle doesnt look so good, decrease in vol ..should see a drop tomorrow or consolidate..i dont see it going up much , Charts:
http://adf.ly/2DR0E
http://adf.ly/2DR15
AIB kinda sucked ...but IRE did exactly what i said it would do ...tested some highs but closed red, these debt plays are kinda risky though ...
Charts:
http://adf.ly/2DR4z
http://adf.ly/2C0l1
http://adf.ly/2DQfZ
NABI - from yesterday , held up pretty well given the stinker market right now, consolidation before the next leg up, hope it doesn't consolidate too long, Charts:
http://adf.ly/2C0fc
http://adf.ly/2C0gO
DRL should go green tomorrow,
LVLT below MA lines its a sell IMO others from the day before still on watch except that sucker PIP which I so would have shorted the shit out of ..
As for today's picks ,
SMED- if it breaks 97 it should rally a little more or else be ready for some profit taking, Charts:
http://adf.ly/2DQoK
http://adf.ly/2DQpP
BLTI- awful, lets see if holds 3.58 it should go green tomorrow, charts:
http://adf.ly/2DQrx
http://adf.ly/2DQsA
ONCY- was a pretty decent play for red to green after the profit taking..if only the market would let up ..., Charts:
http://adf.ly/2DQwk
http://adf.ly/2DQxD
CHBT- funny how the stocks i put on watch go up handsomely and the others jst trade sideways , candle doesnt look so good, decrease in vol ..should see a drop tomorrow or consolidate..i dont see it going up much , Charts:
http://adf.ly/2DR0E
http://adf.ly/2DR15
AIB kinda sucked ...but IRE did exactly what i said it would do ...tested some highs but closed red, these debt plays are kinda risky though ...
Charts:
http://adf.ly/2DR4z
Monday, July 25, 2011
Asian markets upp..Picks for Tuesday, July 25
SMED very low volume play, just for watches
BLTI watch for am dips ..we might have a runner here
ONCY might see some profit taking but it should run if it is actually an uptrend
CHBT if it breaks previous highs we might see an upside or else its a tanker(pink stock)
AIB and IRE ...am profit taking and might continue rally (jst for watches it all depends on the news it has tomorrow)
My ideal buying conditions :
oversold levels or close to it, always try to get filled at the bid at least thats what i do ..i never hit the ask and it doesnt matter if it dont get filled cuz there will be others and watch the indices...the futures should be up along with the asian markets ..we' ll see..
Happy trading
JJ
BLTI watch for am dips ..we might have a runner here
ONCY might see some profit taking but it should run if it is actually an uptrend
CHBT if it breaks previous highs we might see an upside or else its a tanker(pink stock)
AIB and IRE ...am profit taking and might continue rally (jst for watches it all depends on the news it has tomorrow)
My ideal buying conditions :
oversold levels or close to it, always try to get filled at the bid at least thats what i do ..i never hit the ask and it doesnt matter if it dont get filled cuz there will be others and watch the indices...the futures should be up along with the asian markets ..we' ll see..
Happy trading
JJ
Rundown for Today's picks
Market was a mess today..red everywhere. My first round of picks fared pretty well though given the mess except a couple. Almost all of them were pretty good red to green plays for a scalp as almost all of them either gapped down or tanked at the open. If u hit the oversold levels on the one minute chart then you should be up, not by much but a pretty decent amount.
DRL - gapped down to 1.90 s , was abt to hit green with the indices but tanked again, closed at 1.89, if it breaks 1.83 on the way down its a sell , Charts
http://adf.ly/2BzK8
http://adf.ly/2BzLs
RXII - was pretty even all day closed up a penny, still on watch , Charts
http://adf.ly/2BzaK
http://adf.ly/2BzbX
URRE -was a tanker, not so hopeful abt this one, lets see if this holds 1.60 , charts
http://adf.ly/2Bzob
http://adf.ly/2Bzp9
GNVC- gapped down and tanked, if u caught the bottom or close to it , should be up 10- 15 cents, closed even, still on watch, has potential, Charts:
http://adf.ly/2Bzt7
http://adf.ly/2BzuH
LVLT -gapped down and tanked, held 2.35, has potential, charts show an uptrend, on watch Charts:
http://adf.ly/2Bzxj
http://adf.ly/2BzzP
PIP - was a tanker like everything else today but this sucker jst kept on dropping,no play on this one whatsoever..might short it .... I hate AMEX stocks, Charts:
http://adf.ly/2C06whttp://adf.ly/2C07O
SUPG - tanker again, stayed pretty even though, still on watch, quaterlies on Aug 3, Charts:
http://adf.ly/2C0Eu
http://adf.ly/2C0Jm
TUES-gapped down, stayed pretty even otherwise, has potential still on watch, Charts :
http://adf.ly/2C0dB
http://adf.ly/2C0dU
NABI- am long on this one, around 2.01 average, holding up pretty good, Charts:
http://adf.ly/2C0fc
http://adf.ly/2C0gO
LLNW- my top performer today, that is if u caught the bottom, red to green play around 20 cents potential gain if you caught the bottom, lets see if this hits 5 again... Charts:
http://adf.ly/2C0l1
DRL - gapped down to 1.90 s , was abt to hit green with the indices but tanked again, closed at 1.89, if it breaks 1.83 on the way down its a sell , Charts
http://adf.ly/2BzK8
http://adf.ly/2BzLs
RXII - was pretty even all day closed up a penny, still on watch , Charts
http://adf.ly/2BzaK
http://adf.ly/2BzbX
URRE -was a tanker, not so hopeful abt this one, lets see if this holds 1.60 , charts
http://adf.ly/2Bzob
http://adf.ly/2Bzp9
GNVC- gapped down and tanked, if u caught the bottom or close to it , should be up 10- 15 cents, closed even, still on watch, has potential, Charts:
http://adf.ly/2Bzt7
http://adf.ly/2BzuH
LVLT -gapped down and tanked, held 2.35, has potential, charts show an uptrend, on watch Charts:
http://adf.ly/2Bzxj
http://adf.ly/2BzzP
PIP - was a tanker like everything else today but this sucker jst kept on dropping,no play on this one whatsoever..might short it .... I hate AMEX stocks, Charts:
http://adf.ly/2C06whttp://adf.ly/2C07O
SUPG - tanker again, stayed pretty even though, still on watch, quaterlies on Aug 3, Charts:
http://adf.ly/2C0Eu
http://adf.ly/2C0Jm
TUES-gapped down, stayed pretty even otherwise, has potential still on watch, Charts :
http://adf.ly/2C0dB
http://adf.ly/2C0dU
NABI- am long on this one, around 2.01 average, holding up pretty good, Charts:
http://adf.ly/2C0fc
http://adf.ly/2C0gO
LLNW- my top performer today, that is if u caught the bottom, red to green play around 20 cents potential gain if you caught the bottom, lets see if this hits 5 again... Charts:
http://adf.ly/2C0l1
Market in a bloodbath mode....
Indices opened up bloody red..red all over my picks .....politicians worried about their own selfish agendas rather than getting to an agreement..lets jst hope they meet common grounds for an agreement and a market correction ....http://adf.ly/2Bmxx
Sunday, July 24, 2011
Friday, July 22, 2011
Picks for Monday July 25 2011
DRL Doral Finacial Corp. Closing Price $1.98
RXII RXi Pharmaceutical Closing Price $1.29
URRE Uranium Resources Closing Price $1.73
GNVC GenVec Inc Closing Price $3.07
LVLT Level 3 Closing Price $2.43
PIP Pharmathene Closing Price $2.90
SUPG SuperGen Inc Closing Price $3.14
TUES Tuesday Morning Closing Price $4.39
NABI Nabi Closing price $2.07
LLNW Lime light Closing Price $4.42
Buying when its turning from oversold levels or close to it. Do not buy the gap up, have patience that sucker will come back down to fill the gap and thats when you swoop in.Stay on the sidelines if the indices are in a bloodbath mode.
I am not an investment advisor.It is solely your decision to put your money on my picks.
G luck Trading
-JJ
RXII RXi Pharmaceutical Closing Price $1.29
URRE Uranium Resources Closing Price $1.73
GNVC GenVec Inc Closing Price $3.07
LVLT Level 3 Closing Price $2.43
PIP Pharmathene Closing Price $2.90
SUPG SuperGen Inc Closing Price $3.14
TUES Tuesday Morning Closing Price $4.39
NABI Nabi Closing price $2.07
LLNW Lime light Closing Price $4.42
Buying when its turning from oversold levels or close to it. Do not buy the gap up, have patience that sucker will come back down to fill the gap and thats when you swoop in.Stay on the sidelines if the indices are in a bloodbath mode.
I am not an investment advisor.It is solely your decision to put your money on my picks.
G luck Trading
-JJ
How I do !!!!
I AM NOT AN INVESTMENT ADVISOR. PLEASE DO YOUR OWN DUE DILIGENCE BEFORE PUTTING MONEY ON MY PICKS.
I usually scan for stocks $1-$5 in various US stock exchanges. I avoid the OTCs though.
I rely heavily on technical indicators because believe they created these indicators to better evaluate the speculation which drives the stockmarket.Whats the stockmarket without speculation??
My holding periods varies from one day to a couple of days depending on how the chart looks like and what mode the market is in. I avoid intraday trades but i always keep tight stop losses. I usually aim for 10 % or more because hope can be a bad thing and you have to know when to take profits and when to cut your losses.
I usually scan for stocks $1-$5 in various US stock exchanges. I avoid the OTCs though.
I rely heavily on technical indicators because believe they created these indicators to better evaluate the speculation which drives the stockmarket.Whats the stockmarket without speculation??
My holding periods varies from one day to a couple of days depending on how the chart looks like and what mode the market is in. I avoid intraday trades but i always keep tight stop losses. I usually aim for 10 % or more because hope can be a bad thing and you have to know when to take profits and when to cut your losses.
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