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Saturday, August 16, 2008 2:22:57 PM
If you understand what TA measures, you wonldn't even bring up the conversation in the pinkie world. Pinkie world is the wild west of investing - it is virtually lawless. There are no rules, no stability, and no ethics. There are no 3rd party assurances provided by an Independ Audit, There are no checks and balances provided by an indpendent board, or due diligence by a professinal highly trained analyst. No institutional play or support by wall street. No institutional interest or smartmoney. The trendline in a pinkie chart is just a random reaction to phony PRs, P & D minipulation, and message board rumours. The PR effect for Grifco is dead because 99.9% of the people familiar with it isn't going to react to the P & D PRs anymore.
Charting Grifco is like trying to plot a forward path of a crumpled paper in a storm.
To all this you want to apply the same charting attributes as Microsoft, IBM, and GE???? Makes absolutely no sense.
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