Circa Pict. & Prod. Co. Intnl Inc. (fka CPPD)

[matrixxx]

Good TA on QBID from Gordon Geco on RB
By: gordon_geco
02 Aug 2004, 08:00 PM EDT
Msg. 3171 of 3199
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TA for the day:

OUCH! We got out butts kicked today. There's some longs on this board who fear me for good reason - I tell it like it is. I called days ago that .0038 was the next resistance point, and as soon as we hit it we fell quickly to .0034 and then proceeded to bounce back to the .004 level before retracing at the close and settling back to .0038. Some investors on here can claim over and over that there's no such thing as resistance for pinks, it's beyond me! It's almost hilarious! I called two key resistance points lately .0045 and .0038 and we've parked at both. This is not magic! It's called resistance and MM's along with smart daytraders watch support and resistnace closely. The MM's didn't park the close @ .0038 for no good reason. They know exactly what they are doing and they take advantage of ppl who aren't in the know. The same ppl that bash me are the ones that I refer to. I won't name any names, but most of you know who they are (qtvcomcast...oops). Notice how I never say malicious things towards ppl on any board unless they say negative things about me or my credibility. Questioning someone's credibilty to the board based on TA which I've never claimed to be 100% accurate is slanderous and sellfish. I've never made comments like "SELL NOW" etc... I simply give my opinion and the ppl who have their life savings invested get all upset. Instead of looking out for the best interest of everyone, they would rather others lose money at there own expense. A trader with no clue makes comments like..... "Gordon single handedly cause that selloff!" LMAO! That's really funny ;) I will no longer entertain the people on this board who don't know what the deal is or are simply in denial to the truth - because the dreams of riches like Bill Gates has their little ignorant eyes blinded!

Anyway, the chart still looks broken and we are now in desperate need of a correction. We got one positive confirmation on the chart that may be indicating that we're FINALLY turning the corner. The slow stoch looks like it may have hit "bottom" and is crossing back over from oversold. The most important part of the chart to watch lately is the fact that even with the decline in price the MACD has leveled out and is no longer dropping. I interpret this to mean that ppl are accumulating, but there are enough ppl selling to allow the MM's to slowly walk us down. I'm inclined to think that as soon as that RSI hits bottom tomorrow that we will rebound a little from there, as people will realize that we're way oversold and undervalued. The next level of resistance is .0029 if we have to go that low. Let's cross our fingers and hope not. I look forward to watching trading tomorrow. See the chart posted below to follow along. After this post I'll put some of the ppl here on ignore so that I don't have to rant on about them. I promise ;) Good luck to everyone, and I look forward to the action tomorrow.

http://stockcharts.com/def/servlet/SC.web?c=qbid,uu[r,a]dacayyay[d20040322,20040802][pb5!b21!b50!b20...