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Re: dmlabuda post# 40675

Wednesday, 06/22/2011 1:43:46 AM

Wednesday, June 22, 2011 1:43:46 AM

Post# of 98518

If this stock did not trade well on technicals, then how is it possible that I could have been so accurate thus far in my previous predictions?



Ummm....Really? You predicted that on June 15th we'd see a 'key reversal' based on the full moon and the stock would continue to trend up. You've also grossly negated every other support line besides the 200MA.


Please answer my question:

Why do you revere the 200MA as being the only support level? If you look at the chart you'll see that the 50MA clearly became the support after being the resistance for so long. Just seems that you pick and choose which levels of support to follow and which levels of support you wish to dismiss



Edit: Your answer:

I would not watch it at all if had not proven to be a very good support and resistance area for me to monitor. The 50 day average, on the other hand, I used to watch but, it did not seem to have much value for me so I replaced it with my own custom exponential moving average based upon four months of lunar cycles. I'm still researching the effectiveness of this average.



Sounds like you just cherry-pick the lines that are most convenient for you. Sorry but good TA includes the 50MA and the bollinger bands. If you did include those like all the other TA traders that make money, you would have loaded the boat at .002-.0022.