bag holding sos36, page-2

Hi Dean I use tradeguider EOD software with metastock data.
Program will not allow me to copy and paste unfortunately.

The bag holding SOS36 indicator as I said earlier is one of the strongest it should be into fresh new low ground a with narrow spread down bar on ultra high volume.
The narrow spread tells us some professional group or groups are happy to absorb all the supply coming onto the market at these prices. To stop the fall demand now has to overcome the supply that is causing the fall. If the price can now rally we would look for a possible shakeout successful testing back into the area of bag holding for a very strong sign of strength.

VSA experts are the first to tell you it is not as effective or reliable with penny stocks as it is with say bluechip / currency or futures markets i've got to say. However the principles remain the same.

I am currently studying 3 VSA experts and I would say with a fair amount of confidence only one of them would consider take a position in PLA with this indicator (Tom Williams) the founder of tradeguider.

(Gavin Holmes) wouldn't look at it until it sucessfully tests 25.5c where all that supply was present back in Sept 2011 or possibly 69c from Dec 2010. Gavin only trades in harmony with the trend which obviously is down.

(Philip Friston) a fund manager wouldn't be interested in a stock with such a small market cap no matter the indicator. It all gets down to your risk profile, best of luck to all my decision was to buy at these levels whether it was right or wrong time will tell but i'm comfortable with my decision.