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SLV is now a BUY.
so is GOLD
The weekly chart is finally a BUY as the weekly SAR has now popped positive and the other indicators say GO!
WEEKLY CHART
Enjoy the long ride.
Due to humans not getting along in the middle-east.
The indicators look good for GOLD.
Strap in your position and collect.
Good for the next week coming up.
For those that don't know me.
I am a technical chartist.
GOLD is going higher.
Like I said many times before.
My indicators / charts can't tell me the FUTURE as to how high a stock will go...just that they will go up dramatically. (I can obviously see resistance points but not a future price.)
They also tell me, to the day or tick, when the RIDE is over. Long or Short. (regardless of what all greedy traders have to say.)
Based on experience, and viewing the volume after I purchased at .0008 today, I feel this has a lot of room for growth.
I cannot tell you how far NEOM will run to...hopefully beyond .05.
We will see very, very shortly.
But as a technical chartist I will be able to tell you guys when it is a good time to get out.
George
P.S. Check my posts on the BBDA board. Especially last week Thursday the 16th of August.
Lots of room for growth.
DAILY CHART
George
I was involved in the previous pop up.
Was waiting many months for this to happen.
Bought in today and have already doubled my money...and more to come.
Can't wait.
George
This will be a high flyer in the next few days to come.
Jump aboard.
George
I am a chartist.
I was told once in the recent past, more like last week, more like last week THURSDAY when I sold all my shares of BBDA, that "charts are a manifestation of the past".
Now that BBDA is roughly 37% off of it's recent high. And NO clear bottom is in sight.
I have to say, "CHART READING is back in vogue and here to stay."
When the bottom comes I might be back.
We'll see.
George
There is no SUCH THING as a bad stock.
ONLY A BAD TRADER.
Stocks are not people.
They go UP, DOWN and SIDEWAYS.
If they go down, I short, if they go up, I buy, if they go sideways I ignore.
And I know a LOT of people that have trusted their life savings to STOCK BROKERS and have lost it all. That would classify the majority of my friends and family.
In fact I have lost it all on five seperate occasions. (four of those were my fault)
I have always been a technical chartist and yes I have lost a lot of money in the past. It mostly wasn't because I couldn't read my own charts and see the SELL signals. It was because of discipline. The discipline of not pushing the button when it told me to SELL. (that is the HANDS DOWN TRUTH)
That was the PRICE of my education, I have learned, believe me when I say I have learned. My education, I figure, has cost me around $150,000...maybe a little more than that over twenty years.
I sold all my shares of BBDA on THURS. (others that read this, I am not giving advice to you about BBDA)
I will be back in when it pulls back if things look good then.
this is for RIPDOG7075
The KST is a technical indicator that is now offered for free at STOCKCHARTS.com
check it out and take the values of the KST and divide all of them by half and see what you get...
The website you are referring to 1jr is probably not as sensitive as I am to technicals.
The intraday chart 30 minute 10 day on BBDA has rolled over, the daily has just started.
It could take several days more before it rolls over for a pullback.
Pullbacks are good, normal and healthy. Just be patient if you are in it for the long haul.
"charts are a manifestation of the past"
Tell that one to my BANK ACCOUNT and it would disagree with you 100% completely.
It would tell you that, "Charts are it's bible and it's charts keeps it happy, warm and cuddly at night."
I did a google search on that and looked at it briefly.
I honestly don't find my picks via web sites.
Do you use it for such?
I create my own formulas in STOCKFETCHER.com and choose my picks from there.
That is how I originally found BBDA weeks ago.
At that time I was really impressed on how it looked chart wise for a long haul this was when BBDA was back at .0008 where I bought it.
I ran it again on FRIDAY and found a few others. BAC is one of them.
What is American Bulls?
Yes,
That is a GREAT point.
If you have not mastered the TIME of the TRADE.
Then getting in and getting out could costs you LOST SHARES and with that comes more SHORT TERM CAPITAL GAINS tax.
If you are a novice...it is best to know your LONG TERM charts, weekly and monthly, and follow those.
But if it says to get OUT you should still get out, regardless of the tax consequence.
I am a DAY TRADER, sorry, if that makes me a FLIPPER.
But it does.
I am NOT discounting BBDA.
I think it has a lot of long term potential based on my charts.
I am just here to state the obvious, based on charts only.
If I can teach those that are willing to listen to my past mistakes, it will make all of you better traders and me a better teacher.
Regardless of TIME FRAME.
For those that are in long term, read my my charts and put that into context on long range weekly charts so you don't get burnt.
WEEKLY CHART
On the weekly there is no signals to sell...just yet.
But if you notice there is a LONG WAY to fall. Almost 50% or more.
On the daily and intraday it is telling me to SELL.
On a weekly it COULD do a bounce to .0037 to the 12 day moving average. The 12 day moving average and the 20 day moving average are VERY RESPECTABLE moving averages to bounce back to. (I am not saying it WILL, or scaring those that it will.) On the above LINK
It could also take off to .04 cents.
But the next week RANGE is HUGE.(range equals high to low)
Let's take a realistic look at this.
Last time the price was this far from the 5 day moving average it SLAMMED right back down to it on the daily. Why wouldn't it do it on the weekly, say on MONDAY? Which would bring it right back down to .01 . Then it could theoretically, from there show strength and be GANGBUSTERS there after.
And that wouldn't necessarily be a BAD thing either as long as it bounced as hard as it did this week on the daily. But from where it is now and where it could go down...I am not willing to take that RISK.
Please don't respond back to me and call me what you will....look at my charts and make your own judgement.
If you don't TRUST your own judgement, feel free to contact me.
open an account with SCOTTRADE
with a minimum balance.
take all of your money out but a few dollars and you have your answer.
I like ameritrade's chart service better...but SCOTTRADE allows you to trade most penny stocks.
I am NOT telling people to SELL if they are in it for the LONG TERM.
I try to TIME stock movements to PERFECTION. If you are a DAY TRADER I am telling you to SELL. I am a perfectionist.
If you are an INVESTOR I am telling to stay the course. IT STILL LOOKS good weekly.
If you are not on my BAND WAGON, I suggest you to get off and go find yourself a different drummer.
Are you LONG TERM? put me on IGNORE.
If you are SHORT TERM, heed what I am saying, and protect your gains and live another day.
George
EMOTIONS don't dictate CHARTS.
CHARTS dictate CHARTS.
Everything you ever want to know about a stock is in the PRICE ACTION of its STOCK CHART.
The indicators don't lie. Hence us having STOCK CHARTS to begin with.
HUMAN EMOTION is the only thing that screws all of us UP.
When you base your decisions on emotion, YOU WILL LOSE.
Give me ten good technical reasons why BBDA will go UP based on technical indicators. Let's GO!
#1. (fill the blanks)
#2. (etc.)
NEVERMIND,
You guys are not getting it.
FEAR, GREED, complete disregard.
I am not coming from any of these three viewpoints.
I read charts.
I BUY charts.
I SELL charts.
The CHART says SELL.
It's time to sell.
SORRY IF YOU GUYS DON'T GET IT.
It took me TWENTY YEARS to GET IT.
Maybe you have another 19 years to GET IT.
Listen, Read, Look, take ACTION.
If you are too DAFT, I can't help you.
G
Every indicator now SAYS....sell!
Sorry, it isn't me saying this. I wish BBDA would climb FOREVER.
It's my indicators.
BBDA will consolidate here for awhile...
I can see 4 cents within one to three months from now.
But I am, for right now, protecting my investment from further losses.
Take the KST divided by half, and look at it...it is a PERFECT indicator of this stock...it hasn't crossed negative yet...
BUT ONE OF MY FOR SURE 100% INDICATORS has..flipped to the negative.
It will PULLBACK.
Watch and see.
I've nailed it on the head so far...and I predict it will continue.
Staying positive just heeding the warnings.
Even this chart proves my point.
It's a GREAT CHART...but it is bending over for a pullback.
PROTECT YOUR GAINS...wait...wait...then BUY back with all you have.
I don't know what value it will reset at, but let the KST drop and when it crosses over from the underside BUY with everything you have.
That is all I am trying to say.
Save yourself from losses now...and capitalize on the next BIG move up.
Pssst. (regardless of what people say, YOU CAN TIME the MARKET, why do you think HFT, (HIGH FREQUENCY TRADING) exists? Hello?)
.......
GEORGE
Well then,
if that is all it takes for you to buy it.
THEN BUY IT!
Have you not seen my charts?
Would you like me to explain my reasoning again?
It has run up in the 100 of percents now and it will pullback.
My INDICATORS SAYS BBDA is now FOR SURE going to PULLBACK.
If you are in and you are in the long term...stay in...it still looks good.
But it is going to pull back regardless of news and regardless of sentiment.
Watch and See.
I am not OLAF and pissed off about who knows what? I am reading my charts and letting you know what I see.
Check back several weeks ago...I was ONE of the FIRST advocates of this stock.
I am just telling you the way it is.
TAKE IT OR LEAVE IT.
I DON'T CARE.
IT IS YOUR MONEY...not mine.
Peace out,
GEORGE
LOL ... I am not OLAF... I like this stock.
You guys are way, way too optimistic right now at this very moment.
Let it chill...and enjoy your profits.
Then come back to enjoy more.
I love BBDA but I'm willing to bet...
.01 to .009 is in the near future if not lower.
It has made me $90 k so far.
Sorry people.
Don't buy now.
Wait until when the KST with half values has crossed over from the bottom. (go to STOCKCHARTS dot com and take the KST and half its value)
STOCKCHARTS has just recently by the graciousness of their hearts offered this for free.
Save yourself the misery.
I'm warning you guys for the fourth time now.
Sorry to tell you,
It has not reset yet.
It will be coming down.
I predict to .015
or .01
BUT, one thing for sure it has not reset.
Expect more losses.
George
another chart
read it the way you want it
OVERBOUGHT HERE
PULL BACKS are healthy and expected of a stock
But I want no part in them.
Hate to toot my own horn here.
But I will.
TOOT! TOOT!
This level here is crucial for it to hold at .015.
But based on yesterdays action...I think it will fail here also.
Too much weakness.
I know...that is always a HUGE risk and the caveat of the short term investor.
And yes I have made that mistake on more than one occasion in the past. And I am sure it will happen again in the future.
For me its always about risk vs reward and protecting my gains so I can live another day.
I have my sweet spots to trade, my iffy spots I jump out, (and wait for the dust to settle), and my do not touch spots I avoid all together.
I am not saying BBDA is a bad stock and be super wary like Mr OK (OLAF) himself.
(Confession: As a day trader I had to put him on ignore too.)
I am just saying, "Expect a pullback and if you are a short term investor like me, think about taking off some of that hard earned money you all have received on paper."
If you are long term, I do see BBDA having more potential in the months to come, then sit tight and put your seatbelt on. It could get bumpy from here.
Good luck to you all.
CORRECTION for you. (I understand what you mean but let me rephrase it for you.)
CHARTS are 100% accurate.
It is us as humans that don't read the signs accurately which leads to most of us NOT being millionaires.
I too wish my foresight would also be as good as my hindsight, which is 20/20.
But it is definitely better than what it was twenty years ago.
As a day trader, time and unrealized gains are the enemy.
here is what else I see
a double top on the 30 minute chart on the 10 day
the bid / ask today was all over the place
very erratic compared to the last 5 weeks
the candlestick is a spinning white top / indicates a lot of indecision (myself included) that is why I got out completely
on the daily chart the +DI second bump up is lower than the first indicating weakness and more to come
the daily adx is above 60 (that is way way up there)
the daily slow stoch is already bending negative in the overbought region
the greed is rampant now...
based on all these factors ... a pullback is imminent
nothing wrong with buying back on a pullback
10 day 30 minute chart
four ticks under the 5 day moving average
last time it did that was on the 7th of august
except BBDA has much more further to fall from here
four levels of support are
.0173
.015
.013
.009
plus if the sar flips on the 10 day 30 minute chart negative, it looks like it will be a long wait before it turns positive again
the +DI on the DMI/ADX is declining which is adverse to price going up
the RSI is declining which is also adverse to price action
after this mornings price action, 8.16.12, the volume went really quiet
the ultimate oscillator has been declining since the 14th of AUGUST
same with momentum
it is becoming very very risky here
don't be greedy
George
Just SOLD my millions of shares of BBDA today.
Just bought thousands of shares of AAPT.
Up 20% for the day for me.
Nice looking chart.
CHART HERE
since .0008
GO PACKERS
FROM A CHARTIST POINT OF VIEW
As I mentioned weeks before, "If the +DI bounces above the ADX line on the WEEKLY chart we will have another large up turn in BBDA."
This IF has happened as of last week.
I have not cashed out my position, we have another few weeks or possibly month(s) to enjoy this ride.
SEE WEEKLY CHART HERE
STAY THIRSTY my friends.
GEORGE