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OT: Here is the GZFX Circuit City Story...
http://biz.yahoo.com/iw/051005/097102.html
OT: GZFX went up 387% TODAY!!!
And I own shares.....905,000,000 volume today.
It's still just over 1 cent....(deal with Circut City).
I would suggest buying my friends.
http://stockcharts.com/def/servlet/SC.web?c=GZFX,uu[w,a]daclyyay[pb50!b200][vc60][iut!Ub14!La12,26,9...
Chartist1
NEOM DAILY CHART UPDATE: Up-Channel Forming?
1)There is a chance the an up-channel is forming in the charts.
2)Gap filled today and at support at the 50day sma. "IF" we are in an up-channel, price is right at support at the bottom of the channel.
This picture should clear-up (one way or the other) tomorrow.
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[h,a]daclyyay[pb50!b200][vc60][iut!ub14!lh14,3][J...
NEOM MID-DAY ACTION UPDATE:
Gap filled from 13 trading days ago and we have a small bounce at support at the 50day sma (mentioned in last nights chart).
Long way to go in the day.....late for work.
More tonight,
Chartist1
OT: yellowjacket..I have 2 (soon 3)...
I have a 13 1/2 yr old lab and a Weimeraner/Irish Wolfhound Mix....lost a Rottweiler/Bouvier a year ago. Another full blood Irish Wolfhound will be shipped from FL in 3 weeks....a heart stealing month old little girl.
I'm very, very, very sorry for your loss.
Mine ARE my children....
Sappy Chartist1
What we should be watching is....
How well big Corporations, and shortly thereafter, small companies and individuals accept and embrace the Word Registry. THAT is the short-term revenue engine that will drive price higher and NEOM closer to profitability.... and the last time I skimmed my textbooks, that's what the game is all about......revenue growth and profitability! NEOM Management just needs to flawlessly execute their plan.
Isn't that why we are all here?
Chartist1
Comment To Board:
I am a little surprised that "some" here are biting on what our other chart friend (have not seen a chart yet) is saying.
It is surely very intoxicating to hear bold and exotic "connect-the-dots" predictions on EXACTLY where price is going to go in the next 18 to 24 months....but it just does not work that way with any shred of certainty. I do understand what this person is trying to sell (Elliot Wave Theory is not new), but his real intent is to be a "star" on this board and have the light shine on him and everyone follow his lead (not uncommon on any board, really). If you really think about it, VERY successful traders don't have the time for that, or they charge big bucks to share their time tested secrets.....or they buy Necker Island.
One of the main reasons I preach learning all you can
about what makes stocks move, on your own, is so you have the built-in knowledge needed to avoid bending an ear to tempting and exotic predictions.
Go Trojans!
Chartist1
NEOM MONTHLY CHART UPDATE:
1) We first see that price is down 12.5% for the month (although that only counts for 2 days).
2) The Chaiken Money Flow is still peaking out of the hole after a 5-year slumber, but is considering go into hiding again.
3) Notice the 50-Month sma is trying to move up, as are the Monthly Slow Stochastics after a decline to the mid-point line.
Technicals still holding up nicely here.....Remember, MUCH slower moving tide change on this chart.
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[w,a]maclyyay[pb50!b200][vc60][iut!uc20!lh14,3][J...
NEOM WEEKLY CHART UPDATE:
This weeks candle (only two days) is decidedly red after what is called a "doji”, or indecision candle the prior week (looks like a plus sign).
The Chaiken Money Flow is still looking strong but the steep rise in the Slow Stochastics is not matching the weaker rise in price. If the Slow Stochs begin to turn down we would continue to see price follow to the downside.
Remember the weekly chart is slower to react and gives a better indication of healthy or unhealthy technicals.
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[w,a]waclyyay[pb50!b200][vc60][iut!uc20!lh14,3][j...
NEOM DAILY CHART UPDATE:
Well, my call for "caution" over the weekend certainly was warranted in the short term.... although not popular. The decline is still on low volume as we enter mid-week. Next support is right below at the 50day simple moving average...which is flattening out from it's brief swing upward, followed shortly thereafter by the 200day sma. The MACD is about ready to cross to the downside and I would watch the RSI to see if the 50-midpoint line will hold. So, short-term technicals are weakening on the daily chart but still not of real concern......let's look at the weekly chart (next post).
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[e,a]daclyyay[pb50!b200][vc60][iut!ub14!la12,26,9...
NEOM UPDATED WEEKLY CHART:
Not much to add from last update of the weekly chart. To early in the week to read anything into today's red candle because it is only Monday....remember each completed candle on this chart covers an entire week.
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[w,a]waclyyay[pb50!b200][vc60][iut!uc20!lh14,3][j...
NEOM DAILY CHART UPDATE:
The rising wedge (mentioned yesterday) is confirmed with a break to the downside. Still no volume to speak of and technicals still looking good.
As mentioned in the chart we don't want the 50day sma to fall below the 200day sma. That would signal a short-term deterioration of the technicals. Remember, this is only the daily chart. The weekly and monthly will hold up longer. Still nothing of concern, but we do have something to watch for now.
Yes, I know we are hear to ride out all the bumps, but this is good practice to not only understand, but be IN-CHARGE of the action because sometime before you keel over you are going to want to sell.
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[e,a]daclyyay[pb50!b200][vc60][iut!ub14!la12,26,9...
longtime....
I can see where your point comes from. I am sorry if I offended you (or anyone else) with to general a comment. Right about now I am wishing for any other handle than the one I have ;).
Anyway, I CAN assure you that I'm not asking anyone to find religion in charts. I do know they ARE a critical weapon in the overall assessment of a stocks future prospects.
Please consider the possible reason why I am here. It's not merely to spread the word on charts...My life is too busy to just do that...and what gain do I get? Rather, it's because I get information for you guys who dig up the DD and other industry/company related nuggets that I don't have the time to uncover. The 4-Amigos episode is a perfect example.
While here, however, I do want to try to add value to the board in an area that I know from experience is underestimated and sometimes looked at as voodoo.
I hope you accept my apology.
Go Trojans!
Chartist1
alynnb..you are correct
I put in on iggy.
Time to move on.....I don't pay on Ihub (and don't plan too) so I don't want to reach my daily post limit on this noise.
Chartist1
chartisttoo: You serve no purpose here!
You complimented my charting skills and I am handling the charts on NEOM just fine. We don't need you to take this board off course with something that is purely driven by your ego.
Finally those links are REDICULOUS! They don't prove anything. They are just typical Ragging Bull type empty predictions with nothing to back them up.
Stick to your board, friend!
Chartist1
alynnb re: Charts & predicting....
Charts ABSOLUTELLY can go a very long way to help project and even predict the future movement of a stock. That's the entire beauty of charting.
If their only purpose were to show the present and past, what advantage would they provide?...maybe a History lesson or as a summary of the day's current action. I didn't spend years studying them for that, my friend.
Regarding future movements of stocks there are many ways to do this including what are called "measured moves". This says that when a particular pattern is broken the stock will rise or fall in an exact measurement to a particular part of the pattern that was broken. That goes beyond the scope of this board but charting is an essential tool once you fully unlock its power.
In short, YES charts can and do hint very strongly at a stocks future direction....but some days are much clearer than others.
Chartist1
chartisttoo!
The folks here do not think charting is a "farce" as you put it. Many here are very thankful of my charts. Only one person was critical and that subject is over. Most here are fairly new to charting so they don't fully understand it's power.
You are taking this board waaaaaaay off the central topic which is NEOM.
You have your own board where you can feed your starved ego....why don't you profess some more over there.
Chartist1
alynnb....
I would take him with a grain of salt.
I won't get into Elliot Wave Theory here, but let's just say your time is better spent enjoying your weekend at this point.
Chartist1
Y.J. I wish I was at the trade show....
I will be going to the one in Vegas in the Spring.
Thanks for your generous comments.
Chartist1
chartisttoo.....
I am not sold on Prector's Elliot Wave Theory as a means of predicting any stocks movement independent of other anylysis.
What you have just done on this board is what I was trying to AVOID doing. Shake up some of the folks here with prognastications that are sure to elicit many responces (you already have one) based on your hunch that NEOM will go back to pennies in the years to come.
Elliot Wave theory is hit and miss at best, but we should leave that for another board that I am not going to go to.
You sure are "selling" your site very hard here. Let's keep things in the here and now, but thank you for your comments regarding my charting abilities.
Chartist1
To All: Some General Comments.
It seems a good time to offer a bit more background and perspective on me and my charting so as to avoid any confusion moving forward.
From late 1999 till early 2004 I was more of a position trader of "high beta" stocks (very volatile) like KLAC, CYMI, VSEA and many other mostly fast moving chip stocks. I held positions both short and long for days and sometimes weeks but was not really a true "day" trader.
Because I adopted this style it became imperative that I had a complete understanding of chart analysis so as to give myself the edge in projecting the future direction of these fast moving stocks. This was a painful process because I was learning as I was trading. I spent hours every single day studying charts until I began to see the benefits in the form of consistent profits.
A stocks chart is almost like the DNA residue from all factors that make a stock move: news, earnings, new products, press releases, rumors etc. Every stock has it's own personality and that personality gets captured in the chart. As that personality develops it becomes easier and easier to project future stock movements.... or at the very least, confidently assess the health, or lack thereof, of the company. It may sound like voodoo, but charts DO follow behavior patterns.
In early 2004 I decided to invest in some penny stocks, as I did not have the time to watch the hour-by-hour action of the much more volatile companies I was trading. I have been invested in NEOM for just under 2 years but I actually have even more shares in another penny stock that I won't mention here.
The reason why I am offering you charts on NEOM is not because I think anyone here is a day trader, rather it's because I am trying to show how charts are a critical tool to understand both the health and future direction of ANY stock. I don't know anyone who wants to be at the mercy of a Tobin Smith or any other stock prognosticator. Everyone should have the equipment to make their own independent judgements as to what they own and why.
Finally, at some point you ARE going to want to sell NEOM. It might be at 70 cents or it might be at $5. But you should never say, "I am going to hold till $5" because there is no guarantee it will get there. If it gets to $4.80 and then slides back to 50 cents you will find your stubborn stance very, very costly. Rather, you should always be thinking about how much money you are happy making and look for patterns (as well as other outside influences) that provide you a nice opportunity to take a profit.... either by feathering out of your position ON YOUR TERMS, or by pulling everything off the table with a nice profit.
The crux of my rant is you should be in power at all times and always protect your profits. Charting is just ONE tool to help put you in power.
Have a great weekend.
Chartist1
kokonutguy..I do live in CA ;)
I've seen everything from Rodney King to Charles Manson.
Note: "The OC" is not like Orange County......
Left Coast Chartist1
kokonutguy.....
you bet I did. I actually have a wild sense of humor but I keep it tied up in the closet when mostly posting charts that are serious to others.
G'night....
stvnflt. thanks, I'm learning eom.
OT: kokonutguy.....
I have never in my life seen a chatroom where everyone got along. If you pull that off, I will invest in your IPO ;)
Goodnight all.
menamiketrx..I'll drink to that eom.
koconutguy....
Your very welcome.
Hey, I just discoverd how to deploy the "ignore" feature......when your new, your new ;)
Chartist1
OT: cloud8
Well, I finally stumbled through this site (it's a bit new to me) and found the ignore button.
Thanks for your input and have a great weekend.
Chartist1
ALL re: my chart (caution)...
Even the healthiest of stocks have pullbacks and retracements. My note that a small bearish pattern "could" be forming is just one of those patterns that all stocks have in their long journey, either up or down.
In no way shape or form am I suggesting to bail on NEOM....I thought that was VERY clear (I don't make trading recommendations), but it seems to have caused some confusion.
Again, I am not and never will be a "cheerleader" for any stock. I would assume that those who do want to see chart analysis are looking for objective observations instead of "to the moon" optimism at all times.
Finally, the broader picture of the weekly and monthly charts look very , very healthy and the daily is still intact.
If my frank objectivity is causing heartburn/confusion, I will stop with the charts....what I won't do is be blind to what I see.
It's up to you....no hard feelings, either way!
Chartist1
Drmyke..was that explanation sufficient? eom.
ANY MOD...please read post #38133
Thank you in advance for your response.
Chartist1
Kokonutguy (Mod)....
Friendly question.
How is it that a certain individual here can shoot his mouth off at anyone he wants, takes advantage of that liberally.....and doesn't get a warning (that I can see).
My credibility was attacked last night, and while I only see this person as a silly nuisance, I assumed there was at least a casual policing of this board.
Thank you in advance,
Chartist1
drmyke....Re: chart.
The "cup & handle" is a much, much larger pattern that is still very much in play and covers years and is very well-developed.
This "rising wedge" is just a small (not confirmed) pattern that covers only about three weeks and would be considered a mere snowflake in the scale of the "cup & handle".
From time to time I try to show small patterns on the daily chart but the weekly and monthly patterns are much more concrete as they speak to the "tide" if you will, while the wedge on the daily is like one small wave coming ashore
Sorry for the confusion.
NEOM CHART - RISING WEDGE COMMENT...
Note: From the chart I just posted, this is not a well-formed, complex Rising Wedge so it's validity can certainly be questioned. I am just noting it's posibility for those who like to look at the technicals of a pattern for whenever you might want to add to a position or take money off the table. The lack of overall volume on this advance also has me a bit curious.
Even though most here are "long and strong", you might find it good practice to anticipate a stocks future direction. It can be done more than you might think....
Chartist1
NEOM DAILY CHART: (CAUTION)...
1) We might be in the final forming stages of a Rising Wedge. As I explain in the chart, this is more often a bearish pattern. Rising narrowing patterns (rising wedge) are more often bearish, while falling narrowing patterns (falling wedge) are more often bullish) Often decidedly so. The chart will help to explain what I mean.
2) All other indicators are holding up well BUT we still don't have any volume to speak of.
Because we now have two areas of at least curiosity, I am suggesting caution in the days ahead.
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[e,a]daclyyay[pb50!b200][vc60][iut!ub14!la12,26,9...
kokonutguy...NEOM listed on last page; 5th column 3rd from bottom.
Thanks.
Moderators.....
I have just had my credibility attacked without foundation.
It's something that I value highly.
I will assume you have a remedy.
Thank you.
Chartist1
Board: Thank you!!!!
Today the members of this board brought to bare their diverse strengths, pared away fact from fiction and provided meaningful and enlightening facts that I and many others here greatly appreciate.
I live in CA but was not able to make it to the conference in San Francisco. Thank you to the "advance scouts" who did take the time and effort to investigate, first hand, the promise that lies with Neomedia and for those on this board who so eloquently decoded the meaning of that information.
Thank you again,
Chartist1
NEOM 60 MINUTE CHART:
On this shorter time frame look at price-action you can see that we found support about 45 minutes ago at an uptrend-line that has formed since the middle of this month.
The day is young, but there is a reason for everything....
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[w,a]eaclyyay[pb50!b200][vc60][iut!ub14!lh14,3][J...