Friday, March 25, 2005 5:04:27 AM
Here is example of a chart I did Aug 2004 to Sept 2004. Maybe this will show you what I mean TA didn't work for Gtel last year. Was looking for an exit point. LOL !!
Three positive TA indicators in a row. Bull flag to a bull pennant to a bull accending triangle with correct lowering volumes, improving Macd and climbing RSI.
Each calling for a breakout which didn't occur and after an unheard of 3 in a row, started walking down for 3 months. IMO MMs prepaired by accumulating for Reg. SHO cover needed. This happened during lowering daily volumes and tighter spreads showing accumulation and should have formed a new base that didn't happen.
The PPs walked down Oct, Nov, & Dec. to .067!!!
If the chart does not show here you can view it at:
http://home.comcast.net/~vcfeinc/lowtrade.html
Three positive TA indicators in a row. Bull flag to a bull pennant to a bull accending triangle with correct lowering volumes, improving Macd and climbing RSI.
Each calling for a breakout which didn't occur and after an unheard of 3 in a row, started walking down for 3 months. IMO MMs prepaired by accumulating for Reg. SHO cover needed. This happened during lowering daily volumes and tighter spreads showing accumulation and should have formed a new base that didn't happen.
The PPs walked down Oct, Nov, & Dec. to .067!!!
If the chart does not show here you can view it at:
http://home.comcast.net/~vcfeinc/lowtrade.html
Success !!! 
http://www.investorshub.com/boards/board.asp?board_id=3972 Welcome to my mind!
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