NeoMedia Technologies, Inc (NEOM)

[chartist1]

PeeVeeCee...Re: American Bulls.....

It seem you answered your own question.... and correctly, I might add.

American Bulls is a one dimensional "3-candle set-up gimmick" that gets attention as the "magic bullet". It is a terrible (not bad, terrible) source of reliable and sustainable information. Common traders like it because it gives them an excuse for not learning the broad and complex range of technical analysis that are necessary to be reliably successful from a technical standpoint.

It's a shame that it is presented on this site as a possible reason to pin hopes on. I notice it never gets mentioned when it says, "sell"...Hmmm.

I think my stance on AB's is rather clear.

Good luck.