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Re: ospreyeye post# 36605

Monday, 04/21/2014 11:56:29 AM

Monday, April 21, 2014 11:56:29 AM

Post# of 59586
Personally, I think my Fast Sto chart was on the money.........as the Sun. Chart showed this "should" be the tail end of the current consolidation period and the next uptrend should be starting soon

Predicting movements in a stock with any chart indicator is always hit and miss. Even though fast Sto is about the most leading indicator there is, it still lags to a small degree. It follows the chart, not the stock. When you broaden the time horizon by saying this consolidation period should be over with in a few days or weeks, then you can pretty much rely on that statement.

I have been reading and learning still to date charts for over 15 years. They do trip me up occasionally, not really the chart, but the stock itself. I have found that time is not really predictable in chart form. Some times you can get lucky though.

Above said, you could be 100% correct. Let me assure you, I hope you are!!