Ticker Rank ARSD 5.92 BONT 3.34 BWLRF 4.63 CMGI 5.18 DXPE 4.6 EGR 5.46 HAYZ 6.72 KRSL 8.57 MOVI 6.63 MTOX 4.9 ORCH 5.34 POGS 5.2 RNO 3.32 SIF 4.15 SILC 5.39 SNKI 4.45 SORL 4.78 TGX 6.25 TROY 6.03 VII 4.55 happy trading
Most of these stocks do not fit the minimum Price criteria of Ten US Dollars. In fact, many don't even trade on the NASDAQ, NYSE or AMEX. Jack certainly doesn't recommend trading Bulletin Board Stocks. In addition, many of these stocks have a negative EPS. Such companies simply do not fit any generally accepted standard of "quality." - Spydertrader
that FTT you pointed out doesn't come with big volume though? i thought FTT usually occur when the volume is big.... otherwise, why isn't the candle prior to the one you pointed out a FTT? why is that candle a ftt while the prior candles are not?
Not all FTT's come with extreme Volume. Most do but not all. Now, that Doesn't mean the Tuesday Bar is an FTT (we might just be in a Lateral Price Movement), but Wednesday, Price failed to move lower. Tomorrow should tell the tale. Price headed lower the next day, so even if Monday night we thought we had an FTT, when Tuesday arrived and the market opened, Price went lower. On Wednesday, Price did not head lower. Every candle prior to Tuesday had another candle head lower in an attempt to reach the left trend line. Wednesday's candle failed to head lower than Tuesday. As I said, we might simply have Price sitting in a lateral channel waiting on another move down. Tomorrow should tell the tale. - Spydertrader
Not all FTT's come on big volume, but volume provides a hint in some cases. Here is an FTT that I bought today and will be in DU tommorrow. Lets see what happens...... OMRI 400 shares @ 36.13