Viper Networks Inc (VPER)

[Nathan_J]

Hey folks, just want to let you in on some tidbits. In the past I've seen people post about support levels and if they're broken, all hell will break loose. I would recommend to shy away from stating the "all hell will break loose" for 2 reasons.

1. Believers will start to bail
2. This provides shorters as well as others to purposely drive down the pps to break the support levels as they will know people will panic and sell.

In essence, what I'm trying to say is, you will only set yourself up for failure by stating the doom that will result in the loss of the support level.

It is imperative to help your fellow investors by "indicating" support levels but I wouldn't suggest going beyond that. Good chartist will always emphasize the importance of support and resistance levels but seldom will you hear them indicate "all hell will break loose" or "the ship is going to sink"

Check out claytrader, he does charts and is great at what he does and he only comments on the key indicators to look out for and nothing more.