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Tuesday, February 18, 2014 8:58:29 PM
EPGL Chart Read
Okay...I'll never get this time back. It will forever be wasted BUT if it helps someone else then it will be worth it.
As much as I do enjoy the art of charts, I do not use them to judge the future movement of illiquid stocks. When you add in the serious lack of volume with EPGL and the lack of any consistent volume, it makes it hard to look at a chart and predict anything.
Any prediction that turns out to be correct is nothing more than mere luck.
ME:There are clear and consistent patterns of the stock trading THAT CAN INCREASE YOUR ODDS of predicting the future....regardless of Volume. I find it fascinating that you don't use them but yet have such a strong opinion against them. Charts are but 1 tool that can be used to assist a buyer and seller of stock.
Additionally, for a stock to be accurately predictable using charts, trading has to have enough chart traders, trading the stock to establish a pattern history. EPGL's trading history shows no consistency to indicate that enough chart traders are involved or that chart reading will accurately predict any pps movement.
ME: I disagree...charts show technical indicators that are occurring that are invisible to the laymen and or joe trader that is gambling away with "gut feelings". Take today for example. The ACCUM/DIST increased, Money Flow Index (MFI) increased above 50, and the Wm%R cooled off down to close -80 which is in the clear range of BUY. If you play golf then you have heard the saying, “play against the course and not the other players”. The same is relevant with stocks. I don’t need other chart traders to make or confirm a pattern through their activity.
As for the Rickshaw Man Doji, EPGL has a history of them and there hasn't been any enough consistency or repeat in pattern in the days afterwards to accurately predict a pps movement.
ME: Feel free to point them out to me and I'll argue that there have been pretty significant moves after EVERY DOJI we have shown on the Daily and Weekly Chart since the reorganization. DOJIs reflect INDECISION and short term consolidation in the market. When you take that signal and couple it with other techs then it provides a reasonable basis for a bullish or bearish call. DOJIs foreshadow an impending significant MOVE in either Direction. Our most significant moves have came right after Dojis. Don’t believe me, look at the RED and GREEN Arrows on this annotated chart I made for the board.
When volume becomes somewhat respectable and consistent, which will only happen once we get on the QB, we'll get more chart traders and reliable patterns will start to develop. Then I think charts will become more reliable.
ME: You don’t see any reliable patterns on my annotated chart????? Well if we have too few chart traders now then won’t too many affect things as well if we have a big run??? LMFAO. Wonder why the amount of chart traders aren’t listed in the company’s financials??? (sic)
Until then, reading into charts at the current time basically means you have a 50/50 chance of being right, merely because the pps has to go in one direction.
ME: See those red boxes where the stock consolidated sideways within a fairly tight pps range?? Had a trader coupled that with Wm% BUY signal of below -70 they could have had a much better chance than 50% and got paid trading the micropatterns.
All that being said, I do respect your chart reading skills. They will come in very handy here when certain parameters are met.
ME: Thanks. Please let me know when you think it’s the best time for me to use them here.
MY Prediction: A BIG MOVE IS COMING before the end of February. The MACD just went DIVERGENT into positive territory for the first time since the big run. Stock up on DEPENDS. Whales are feeding quietly behind the scenes during those periods portrayed by the RED CONSOLIDATION BOXES.
Thanks for your timeline and work on the board but we will have to agree to disagree on the value of using charts here with $EPGL.
$EPGL is like a very tightly wound coiled spring that is going to go BOING!!! Boom Shaka-LAKA!!!
All the best,
DD22
Okay...I'll never get this time back. It will forever be wasted BUT if it helps someone else then it will be worth it.
As much as I do enjoy the art of charts, I do not use them to judge the future movement of illiquid stocks. When you add in the serious lack of volume with EPGL and the lack of any consistent volume, it makes it hard to look at a chart and predict anything.
Any prediction that turns out to be correct is nothing more than mere luck.
ME:There are clear and consistent patterns of the stock trading THAT CAN INCREASE YOUR ODDS of predicting the future....regardless of Volume. I find it fascinating that you don't use them but yet have such a strong opinion against them. Charts are but 1 tool that can be used to assist a buyer and seller of stock.
Additionally, for a stock to be accurately predictable using charts, trading has to have enough chart traders, trading the stock to establish a pattern history. EPGL's trading history shows no consistency to indicate that enough chart traders are involved or that chart reading will accurately predict any pps movement.
ME: I disagree...charts show technical indicators that are occurring that are invisible to the laymen and or joe trader that is gambling away with "gut feelings". Take today for example. The ACCUM/DIST increased, Money Flow Index (MFI) increased above 50, and the Wm%R cooled off down to close -80 which is in the clear range of BUY. If you play golf then you have heard the saying, “play against the course and not the other players”. The same is relevant with stocks. I don’t need other chart traders to make or confirm a pattern through their activity.
As for the Rickshaw Man Doji, EPGL has a history of them and there hasn't been any enough consistency or repeat in pattern in the days afterwards to accurately predict a pps movement.
ME: Feel free to point them out to me and I'll argue that there have been pretty significant moves after EVERY DOJI we have shown on the Daily and Weekly Chart since the reorganization. DOJIs reflect INDECISION and short term consolidation in the market. When you take that signal and couple it with other techs then it provides a reasonable basis for a bullish or bearish call. DOJIs foreshadow an impending significant MOVE in either Direction. Our most significant moves have came right after Dojis. Don’t believe me, look at the RED and GREEN Arrows on this annotated chart I made for the board.
When volume becomes somewhat respectable and consistent, which will only happen once we get on the QB, we'll get more chart traders and reliable patterns will start to develop. Then I think charts will become more reliable.
ME: You don’t see any reliable patterns on my annotated chart????? Well if we have too few chart traders now then won’t too many affect things as well if we have a big run??? LMFAO. Wonder why the amount of chart traders aren’t listed in the company’s financials??? (sic)
Until then, reading into charts at the current time basically means you have a 50/50 chance of being right, merely because the pps has to go in one direction.
ME: See those red boxes where the stock consolidated sideways within a fairly tight pps range?? Had a trader coupled that with Wm% BUY signal of below -70 they could have had a much better chance than 50% and got paid trading the micropatterns.
All that being said, I do respect your chart reading skills. They will come in very handy here when certain parameters are met.
ME: Thanks. Please let me know when you think it’s the best time for me to use them here.
MY Prediction: A BIG MOVE IS COMING before the end of February. The MACD just went DIVERGENT into positive territory for the first time since the big run. Stock up on DEPENDS. Whales are feeding quietly behind the scenes during those periods portrayed by the RED CONSOLIDATION BOXES.
Thanks for your timeline and work on the board but we will have to agree to disagree on the value of using charts here with $EPGL.
$EPGL is like a very tightly wound coiled spring that is going to go BOING!!! Boom Shaka-LAKA!!!
All the best,
DD22
Stock Trading...ha ha...Child's Play.
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