RE: RE: RE: RE: Nice Recovery todayu guys and ur technical analysis..
to a point this can help..but only a certain limited point. the balance sheet and future earnings are much more important. There's other important factors i realize that. TA can work better with well established companies, but for growing companies like this one its IMHO a big waste of time. not totally useless, but just not worth much time.
You buy SMF because they have a ton of cash, gold price is steady and rising and cash costs are reasonable to good. Period. TA can not predict these daily 50 cent to a dollar swings every few days, let alone where its going to be in 3 6 or 9months
maybe this info is good for you and it works for you. That's great. I hope you make tons of money. I just can't see anyone else caring to know who understands already TA. They would know this info already. it means nothing to people who don't understand (obviously).
I've taken my share of TA courses and my experience has taught me the above.
the TA guys will now blast me likely but for the average investor reading this do not feel intimidated by this jargon you read . It does not mean these people are making way more money than you. they quite possibly don't know much more than you do and its quite possible they don't know anything about the company (or even care to know if they're purists).