NeoMedia Technologies, Inc (NEOM)

[jonesieatl]

Maury, there are downtrends and there are downtrends.

Take a look at a 3-year chart for AMED.

See the nice uptrend? Check out the period from Nov. 8, 2004 to April 28, 2005. That's a downtrend.

A downtrend within an overall uptrend.

Look at 5/18 after a bounce in that stock, a HUGE volume day for AMED, and a down day, hitting an upwardly ascending trendline again. People dumped at the bottom of that downtrend LOL. I bought.

NEOM has been and still is in an uptrend since November 2004. Right now NEOM is (hopefully) in a downtrend within that uptrend. If NEOM breaks some support right around where it is now, it might not be in that particular uptrend any longer ... although, just minutes ago, I defined a different uptrend that NEOM would still be in even if that happened.

No rocket science needed to know high volume on an up day is better than high volume on a down day. Although, as I have seen time and time again, and you probably have too ... there are MANY times high volume down days are shaking folks out right before the next up move. And a "high volume" down day bringing a stock right down to a trendline that has been very predictive in the past is a GOOD day in my book ... as long as the bounce occurs within a reasonable time LOL

It's worrisome sometimes, but wringing our hands about it on a message board doesn't help, eh? Hmm, perhaps bad terminology, don't mean to give offense. But what would you like everybody to say? Oh no!!!?????? I'm sure some folks sold today, some are watching and worrying, some bought (I did) and most aren't even posting on this board.

regards,

jonesie