GREY:SGGDF - Post by User
Comment by
stockmoveson Nov 09, 2007 10:41am
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Post# 13782873
RE: should go above
RE: should go aboveMarkvrd, u are right to a point. BUT tA is a huge part for 90% of the activity between major events, and even then if stocks tumble TA comes into the picture finding somewhere a support line. and thats ta. if u didnt feel ta has a bearing why do stocks support themselves at prior lows and stop at prior highs, why are double tops and double lows such a common matter... why can i call this stock to the near penny for 60days... its all ta, i dont use charts to do it but the charts will back up what im saying.... and if u get unprecedented news that cause a stock to say go from a previous high of 50cts and opens on a halt at say 1.50 theres a huge gap not yet on a chart,, but guess what?? it wont be long and that chart will show u the gap and build new support and resistance lines around it, i hope i didnt read your take wrong... yes the charts wont tell us if the markets going to crash, that just happens all to fast, but even then we will see ta being played out, just drop 10levels of support and u will find it. lol..