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Tuesday, September 25, 2007 9:17:30 AM
first let me say we need to differ what the chart looks as of today and what the chart "tells" us for the future.
i mean, for example, if a chart shows macd way down and rsi below 30 it means that the pps is really down and people say, like you did, "This stock is weak. did you look at the accum/dist?? its TANKED!!!!"
but what would that mean, macd and rsi far down? yes, it means it has to recover, its the nature of the market. you can say swvc looks bad because of the last 2 weeks. specially if you bought at the run up and didnt sell.
but DIFFER the situation now! you can buy in today at a very low price and just wait for the bounce, like i am doing. bought thursday and yesterday at 0.022 and 0.0235 and will continue accumulating! chart (technical analysis) says it will bounce and fundamentals (8k, future acquisitions...) say it will bounce! what else do i need to buy???
here the chart with ascending triangle
for me it says bounce this week and 0.06 in the next 2-3weeks
.
![](http://img355.imageshack.us/img355/1655/swvctanw9.jpg)
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