Thanks

Hi Bob. When doing your research, how far back at the daily chart do you look for general trend and areas of support and resistance? Is it just the 1 year chart? Tim Sykes says that long term downtrending charts are bad news and you should look at uptrending stocks, but if a stock is uptrending for a long time it won't really be a penny stock because it will be expensive.

If I like a stock, I look first at the 5 year chart. and then zoom in to the one year chart. I don't give too much credence to support/resistance more than 3 years out. I am more interested in what has transpired in the last three years.

Thanks Bob