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Re: strobes75 post# 487

Tuesday, 04/06/2010 12:07:29 AM

Tuesday, April 06, 2010 12:07:29 AM

Post# of 654
ICUC's prediction of the stock breaking to the downside, was an uneducated guess by him, based on his interpretation of his chart and shows both his lack of knowledge of QASP and technical charting trends. Simply based on the fact that the SP has not gone below .011 (the baseline of his descending triangle) over his timeperiod, documents that there is very strong support at these levels. Descending traingles in general have a higher probability of breaking sharply to the upside, vice the downside. Then add a little DD regarding the stock and you have increased the probability to about 99.99% that there will soon be a sharp breakout to the upside, not the downside. That will be evident when you look at the chart next week Monday, if not before.

Makamai

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