Atacama Resources International Inc (ACRL)

[mc6102]

the praises you are singing are to a little birdie who is only telling half a story.

Stocks often move up and down in channels off established bottoms, or support/resistance areas. No one can dispute that. They do, and then they don't. You don't know which time it will break resistance and keep going. ACRL is at that point. It doesn't matter that it went down 98% or whatever it did -- in fact, that's why people are buying it now.

The missing part of the story about how "people should put their orders in for a few ticks and rebuy lower later" is that for a stock moving up a few ticks and back down, you need all kinds of traders for it to happen: flippers, swing traders and "longs." If everyone executed the same trading plan because someone told them to, ACRL wouldn't go anywhere.... not even a few ticks.

Also, for the people who hold millions of shares, flipping for a couple ticks without crushing everyone else isn't as easy as one thinks, unless there's really heavy volume pushing the top side. So, how could EVERYONE sell the top and buy back on bottom if their style of trading different? They can't. Telling people to sell ACRL supports keeping it in a channel -- but it isn't necessarily helping anyone make money. It is fluid and dependent on individual trading plans and styles, and whether or not any fundamental changes come into play.

People should make their own decisions. A chart will tell them all they need to know about the pattern a stock is in.