RE:RE:RE:RE:Thoughts Jumpin et al...
I appreciate the technical insight as well, but I have had similar thoughts to Maxmoe about the practice. It seems like they try to cover all angles, and when it seems to be wrong, they go back to the fact that it's not always a guarantee, which is obvious. In addition and more importantly, technical analysis, as I understand it, is based on trying to predict large crowd behaviour. SGY has far from a large crowd of interested investors (I wish it were different) who are trading the stock, so predicting anything on charts with such low volume is pretty dicey at the best of times and more based purely on luck. If you are able to predict an actual pattern, I'd say you'd have been very lucky and would have better odds at a table in Vegas.
Also, with regard to price action, we are suffereing through a flat period where things seem to have stalled. I am still under water significantly and hoping for more, but don't forget that the stock has tripled since it's low a short while ago. The company almost ceased to exist, so it's not going to go straight back up to previous highs and will be extremely bumpy and unpredictable at times. GLTA longs.