KAT Exploration Inc (KATX)

[Er0ck]

Charts are a tremendous aide for pinks? That might be the over statement of the year there. Charts can be useful on pinks for things such as finding bottoms, ranges, and so on. But thats basicly it.

We got people on here today sayin based on the 5 day ma next week looks like it's going to be a up week! LOL give me a break! We had the same people saying based on the charts, the week of thanksgiving was going to be an up week and we were going to hit .05 to .10 that week....... you know how that ended up....


Of course, if major news does hit next week, then yes, we will have a great week, but thats something that has nothing to do with what the charts say.

The fact is, no chart is going to predict what we do next week, news or no news. Every week people say the same things "oh I love this chart, the 20dma shows a nice up tend for next week" then what happens pretty much EVERY time? The stock goes down, or trade sideways....

If you want to use charts for penny stocks to find ranges, bottoms, etc, that is fine. But I will continue to laugh at the people who are making predictions on what this stock will a week or more in advance.


Let me break it down for you. If we get big news next week, then this stock will shoot up. If we get news, but smaller news than what we are expecting, this stock will go up some and the fall off some. If we get no news this stock will trade sideways or down and retest our bottom at .015 or might even break through that and establish a new bottom.


Thats my "prediction", no charts used. Come back to this post in a week and lets see whos closer....