SPOOZ Inc (SPZI)

[Imperial Whazoo]

Untrue. I warned time and time again that a natural chart expectation to watch closely for would be the exact low volume pull back we have seen. Nailed it too. I made no friends with the overenthusiastic longs and its pretty clear the nay-sayers despise my posts. Couldn't ask for a more ringing endorsement LOL.

Plain fact #27B: if you read the volumes on a chart where there is sufficient volume to permit anaylis, the laws of supply & demand apply...and the message for any given stock, regardless of whether it tells you to stay long, avoid for now, or bail, is in the volume price action. So, with SPZI or any other high enough volume chart, getting caught upside down is the chart-readcer's own flippin' fault (pun intended LOL). And, the pullback on SPZI was already under way according to volume info as of 9/15, and certainly as of 9/24.

Watch the volumes gang. Compare downside volumes to upside in the corresponding price zones of the ascent side and the decline side of the chart's "curves", and ask this question every time: Do the volumes indicate whether more people are most heavily involved in: (a) buying into a stock, (b) holding or (c) bailing on pullbacks? The answer to that tells the story of the momentum embedded in a chart at any given point in time. And until or unless the volume signature changes, the long term trend for SPZI has not changed. It is far more heavily weighted on the buy and hold than the bail side.

So, untrue assertion, trader412. Some were not chirping about it going to da moon at that moment. Some of us actually used a standardized set of rules and succeeded in calling it right. And, on top of that, some of us tried to mentor the board by sharing this repeatedly.

Imperial Whazoo