Endexx Corp (EDXC)

[jzinvestment]

jjjohnnyq - Relying (strictly) on a technical indicator for a pink sheet stock is doomed to fail. Most (good) technical indicators are based off of hypotheses which are relatively consistent with a liquid and efficient market. We always assume there is no free-lunch (no arbitrage). However, in the seedy side of the market lies the OTC stocks and countless instances of manipulation (as we have seen with EDXC and the MMs), illiquidity, and violent price swings due to shifting sentiment rather than a tangible change in fundamentals. If anything, the confirmation of technical analytic techniques can be rather synthetic in that their very confirmation is due to traders "respecting" a particular price level for instance. Anyway, technicals are always great to look at and may be able to tell you something, but always be aware of the many reasons these indicators can fail, especially on the OTC.

megatron - Yes, as pointed out above, such sentiments often have a greater affect than any technical could demonstrate.