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L&L Energy, Inc. LLEN

"L & L Energy Inc is currently engaged in the business of coal mining, coal consolidation, and wholesaling in the People's Republic of China and its operations are conducted in the coal-rich Yunnan Province in Southwest China."


OTCPK:LLEN - Post by User

Comment by barsolidon Dec 17, 2012 3:07pm
58 Views
Post# 20741203

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE

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Not trying to be presumptuous.  I just noticed that most of your posts were price based info.  Lots of TA arguments that say that price is all that matters.  They might be right for all I know.  You talk about /fibonbocci, Elioit wave, trendlines, etc.  All good stuff.  I just follow volume and buying pressure more than most people who do TA since I started earlier than most when volume was considered important.  It is a cultual thing.  And with Llen I am not really seeing the buying pressure confirmation of some of the trends you are expecting.  This could quickly change in which case I will be late, but there is a tendency for the price based TA is fail more often when the volume doesn't confirm the signal.  jmho 

  PS  This is also partly a slightly paranoid bent since I do believe that shorts and HFTs and others manipulate the market with great regularity (big money), I ahve found that patterns that show up without a volume confirmation are cometimes manufactured by TPTB to trick us.  they can manipulate the price more easioly than the volume since the volume costs them real money.  Again jmho

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