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Re: justfrank post# 5533

Monday, 09/26/2005 10:01:52 PM

Monday, September 26, 2005 10:01:52 PM

Post# of 44374
No offence taken but with all do respect...
You have misinterpreted the entire post.

I was posting stockcharts TA and their TA indicated bearish triple bottom breakdown AT REVERSAL IN TREND AT $1.00. Then i asked Lowtrade to present his TA since I always respected his TA. You just questioned my post with data i provided without you presenting any data from your side so you have no basis to agree my TA data, until i see your data which by the way you have not posted. So you basically presented your opinion only not TA. I thought this was TA site.
Data source: http://stockcharts.com/def/servlet/SC.pnf?chart=GTE,PHTKDANRBR[PA!A][D][F1!3!!!2!20]&pref=G

That post appears like the answer to a essay question where you don't know the answer but write as much as you can hoping you mention the right answer.
First you say it Looks like Descending Triple bottom breakdown What indicators do you see besides the notation on the P&F chart you referenced?


Again you misread the post. This day's price (9/26/05)action formed a Bearish Key Reversal which suggests the stock will go lower in the short term.NOT bullish reversal. Again bearish target reversal to bullish is $1.00 which today's heavy volume confirmed continuation to lower price target for bears which is $1.00
Data source: http://thewallstreetanalyst.buysellorhold.com/isapi/delstockgif.dll?CType=1&EDate=09/26/2005&...
Data source: http://stockcharts.com/def/servlet/SC.pnf?chart=GTE,PHTKDANRBR[PA!A][D][F1!3!!!2!20]&pref=G

Then you say Wallst TA confirmed reversal as well. We have been in a 4 month long down trend, if there is a reversal that has been confirmed then we should be headed into an uptrend which invalidates your previous point.

Now you have finally presented you opinion which i disagree with because profit taking at 115% over the average volume is considered heavy selling not little profit taking IMO and the only reason that bearish pattern got temporarily disrupted was do to the fact that news came out. Today’s 10% price decline with all the TA suggesting bears are shooting for $1.00.

I agree with squ1dk1d, we'll see $3 before $1. Today although disappointing It appeared to me that it was just some short term profit taking indicators still show improvement in pps could continue, since they haven't show any movement to the downward with today’s trading.

I would like to hear some others posting TA based on data not just opinion without any data behind it and that is why Justfrank i asked lowtrade since he has always provided meaningful data.


And as Jack always says: "You can't handle the truth! Son"

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