Market is up doing very well today. I am hoping ours will follow suit and climb today as well. Another very low volume day and plenty of time gaps in between trades.
First of all let me apologize to anyone reading this for my rambling on, and second of all I do not blame you if you do not wish to finish reading it. I should proof read it to be sure it is what I want to say, but I am worried I may fall sleep as it is.
Now if we can just get that TA Chart person's prediction to come true on today, then we would be sitting very nicely.
Hence part of why I can not fully trust the Charts as was touted here last week or so on what would happen today. I can not see them predicting the future as he declared it, though I do hope I am wrong here today as it would be nice to see this in the high teens.
You can take any chart, slice it and dice it any way you want to and try to make shapes out of what has happen to try to predict the future.
The charts can not tell when markets (local and abroad) may rise or fall and affect the global market, nor tell you when a disater (natural or manmade) will strike that can cause a change.
Mostly I think charts can only help you look at the past and not the future on all stocks. I see charts mostly as telling you a story of the past; as, oh yeah I remember that day in what happened to cause that great surge in price, or that dramatic fall that nearly broke the company. I can see where it can help in ways, of maybe showing where a base has formed, maybe a ceiling was created over time. But I just can not fully agree that it can predict that a stock will be at a certain price on a certain day. So hear I sit and wait to see if what was stated come true. I do hope I am wrong, I truely do as I feel this stock has the best potential going for it, but I just feel it is not being given the attention it deserves.
I know some investors, individual, MMs, institutions, etc look at charts and play by them to heart. I have seen it all too much on another $ board here. I have learned that as a stock is being chatted up alot and almost every week if not day and many going by charts and posting them, to mostly stay away from them and wait for the price to drop down and then buy in. I learned to do almost the opposite, as when they chatted about it, it was near the high, and when they were not, it had falled backdown aagain, so that was mostly a buying signal to me.
In other words, as has been said here many of times, do you own DD, listen to your own thoughts and heart and not just jump in because some tells you to, unless you really trust them. Experience is a great teacher, but it can not teach you everything as it seems that as times change, so does the rules of trading changes.
Wishing everyone a great day/week and much success in this stock, and hoping it finished with a rocket day.
AI
