RE:RE:Question to the chart mastersYou just could'nt stay away could you Bull. Back to take on any and all challengers I see with yet another alias.
What was that you were saying about credibility?
*wink*
VanadiumBull wrote: The pattern that began from the peak on April 12 to the low on June 9 suggested a symmetrical triangle formed , a consolidation period .Usually triangles will form 5 legs and each point can be predetermined . Volume diminishes during this formation . It can be interpreted to have the same significance as a coiled spring . When you approach the apex of the triangle formation expect a strong thrust to breakout of the pattern on high volume . Depending on where the formation occurs it will indicate which way the breakout will likely be and give you a pretty good idea on what price it should attain . In this case since the trend is up , the triangle being a continuation pattern although forming a correction suggested the breakout would be upwards. Charts are like a road map . They give you an idea . They are far from being a crystal ball but as close as it gets . And most importantly intepretation is dependant upon the interpreter .
Normally people don't post technical analysis . Why would they tip you rather than take advantage of it themselves ? Call me crazy but I did .
CrazyProphet wrote: I am no chart expert so I have a question ? Just reading the posts they were as quiet as a graveyard
prior to Fri. Mon 3rd 3 postings .. Tues 4...wed 6... thur 2...... Fri 40... sat 12....today 23 and counting
If charts are the tell on direction what is the switch that turned this on from dead to on fire.
I think now it seems the inside moving of shares redeeming warrents whatever it was one of the key drivers of volume. I think my question is more chicken or the egg ??? With a cold chart woke up are we not following the chart more than it telling us ?? I think gut feeling and getting a feel for calling bullsh..it or ya that sounds like a true story is just as important as a chart talking. This is with respect to young JR's that have no history in an uncharted demand future??? Thanks.