In defense of Clownblo there are alot of people who invest based on technical analysis, but he is wrong about qbid. It has already hit .01 a few times so what makes this time any different that the rest. Qbid is closer than ever before to it final goal.
You cannot always go off charts especially when you have no volume. When there is no volume you can throw out the technicals cause it is not moving. To be able to read a chart you need volume to make formations. I have been a chart reader for a long time and have had good success. 90% of the success is limiting my risk. If you have 100k and you are playing the market, technically you should only be risking 1-2 percent of your bankroll at a time. Why you ask? Because that means you can loose alot of trades and still make alot of money. You could have 7 losers and 3 winners and still make a ton. It is not about winning every trade but what you do with the winners and what you do with the losers.
Getting back to qbid, this stock is not a chart stock unless we have volume everyday. At this point we do not have this. This to me is a stock that you must believe in. It is a idea not a established product yet, close but not yet. I know people close to Frank so I am a believer, thats why I bought the stock.
Everyone has there reasons but I hope it is not purely based on chart formations. If you want to follow charts go watch bank of america or some stock of that caliber, you have better luck.
So next time someone says this formation means this or that take it with a grain of salt, the let downs will be easier. If you were following this stock based on charts you would have been out along time ago.
