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Re: carusso post# 3634

Thursday, 12/18/2014 8:36:24 AM

Thursday, December 18, 2014 8:36:24 AM

Post# of 15664
From my experience chart patterns are not reliable when there is weak dollar volume supporting them... Its easy to manipulate a chart when there Is weak volume, but when someone dumps size on it, dilutes heavily, etc it can quickly lose its supports and fall apart.

Pennyland is full of manipulated charts that don't follow through, because most of these stocks are cash starved and are always trying to pull cash out.

Big board stock patterns are much more reliable, due to tighter restriction on how and when they can dilute... In fact dozens of chartist have posted their predictions for SFMI over the years and have consistently been wrong because the dilution overpowers the trend consistently and crushes it.

The amount of $$$ trading hands is always more important than the actual volume of shares... Million if dollars in stock being diluted compared to trading $10,000 per day is a house if cards.

My postings contain many opinions. So please do your own research
and validation.

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