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Re: steveb3210 post# 19735

Thursday, 04/12/2007 2:03:47 PM

Thursday, April 12, 2007 2:03:47 PM

Post# of 142012
No, No... we are on the verge of flying, really...lol

Omey... I find your uneducated opions refreshing, albeit very misinformed. Its obvious your still a beginner at charting, but its okay cuz we all have to start somewhere, but stick with it and in time you'll better understand the indicators your trying to use, maybe even with a touch of correctness.

However, looking at FGFC's chart leaves nothing but a sour taste in anyone's mouth. The long term charts are flatlined, so basically useless IMO. The shorter term charts such as the 1mo sure don't offer a glimmer of hope, as the Bollinger Bands remain gapped, indicating no major movement any time soon. RSI isn't yet over-sold, so we won't get a bounce from that yet. MACD has fallen below nuetral levels, with the slow line on top and leading the way down, along with the buld of our trades being sells. And finally the OBV has also fallen below its nuetral level and continuing to head South, which certainly doesn't bode well for a rise in pps anytime soon.

If we try and move in even closer, say 5, 3 or 1 day charts, well there just isn't enough activity to make them usefull.

All in all the outlook is very bleak and won't turn around without the company doing something legitimate, regardless of how much you try to convince members otherwise. I'd just recommend that in the future you try to better educate yourself in actually understanding how to properly read a chart and its indicators, lest you will continue to prove the old addage true..."Its best that a fool keeps his mouth shut, rather than opening it and removing all doubt."

Good Luck... And if you'd like some personal help in charting techniques and the indicators used, feel free to PM me. I've helped a lot of new investors and don't mind at all.


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