aha! very good question! To which i would respond "the market will decide, it is tough enough to guess whilst in the middle of trading during the market hours as it is, but that is the best way to be guessing...live during the day, whilst looking at the realtime charts and monitoring the level two.
Unitil volume and activity whether buying is outweighing the selling or vice versa, can be guaged, there is no accurate system by which to tell this.
It is much easier to predict chart failure than it is ti predict success, especially when dealing with cahtroom driven stocks and looking far down the road...
but to depict what will happen three days down the road in respect to chart success is very much hit and miss with a volatile stock like ASII,
just ask clay...he made that clear today,
heck even i called it 001 too high,
only to have it fail within 10 minutes of my deadline,
on the level two it was about to go that high as well...
and that was live during hours, up until then i was doing great...lol but the stock on a friday is very difficult to call.
ASII WAS VERY VOLATILE TODAY, at one point 006 looked very much in reach, later on...not so doable.
and i was posting my guesses, and i have a fairly good track record in doing these success guesses during trading hours.
but i will be the first to say judging chatroom driven stocks by their probability of failure is far easier, i do it all the time with much easier rates of accuracy, especially when a stock has a history of being chatroom driven.
it takes a truly gifted chartist to predict time and time again the action of a stock from a chart alone, I have only met twoof them here on ihub, and they are quick to place many conditions on their guesses lol..cant blame them.
The point here was not who is the better chartist, but that when advising folks on the charts, you should be very carefull especially with patterns that trigger buying like golden crosses and cup and handles.
folks are already excited with asii, to misguide them into thinking the chart has a classic bull pattern with the amplitude of a cup and handle is just not good advice.
Especially when dealing with this stock..and folks who rely on your "expertise"
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