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Re: Imperial Whazoo post# 4691

Tuesday, 02/05/2013 3:42:11 PM

Tuesday, February 05, 2013 3:42:11 PM

Post# of 47873
Yeah, you are right. The guy you were replying to was the guy I meant that for. Sorry about that.

As to learnign new things, lets do the chart techniques called "support lines".

Pull up a daily chart using candles or bars and use your charting package's tools to draw a line from the low on 11/8/12 (.75) to the current price. It is a "support" line and it touches on these days pretty nicely.
12/28/12
1/15/13
1/30/13

I like that support line.

Fits really well, especially given the low volume on this pullback today.

Oh, and yesterday was a doji, which concerned me at open because it could have been a halfway point on a bigger pullback, but as of right now, today's candle is another diji, and two doji's in a row tend to suggest that the bottom is forming.

We'll just have to watch the close.

Again, sorry I replied to you.

Peace

Imperial Whazoo

"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."

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