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Re: Crazy Money post# 1899

Sunday, 03/11/2012 10:04:55 AM

Sunday, March 11, 2012 10:04:55 AM

Post# of 2932
It would prove useful for you to do some of your own research on combining 4 different time frame charts (I use weekly, daily, hourly, and 15-minutes) in order to be able to look at the total anatomy (macrocosm and microcosm) of a stocks price movement. When you do that you will come to realize that at least one of the 4-charts (never the same one) will hold the clues to the direction of the next price move. In the case of SBCO right now, the hourly chart is the most cluefull. The significance of the volume, is that there is little of it. Out of curiosity recently, I looked up all the news, PR, articles, reports, etc, I could find on SBCO and read all of them. What I learned was that there appears to be no detailed information available about this company. That really makes me wonder what any of you are doing trading it in the first place since most of you appear to be fundamentalists. All I see are promises and even the details of the promises are scarce. You know, my chart analysis of SBCO gets criticized but, after reading all the nonsense and looking at the charts again, the analysis is correct. In fact, I think my analysis has almost been too conservative. In my opinion, there is nothing fundamentally or technically that should keep price of this stock from falling.

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