I still stand by my conviction that you can not predict short-term price movements unless you have significant news or "inside" information. There's been enough research done that proves my point: predicting shortterm prices through indicators is like describing which way a penny will fall: could be heads, could be tails... equal chance to get either one. The guy who gets lucky is the guy who will make money.
You don't really know for sure. The only thing you do know is that if you flip enough of them you will eventually arrive at the probability of 50:50 which we already know is to be true in the long term for coins.
Of course the past events probably do have some correlation when we talk of stocks as compared to flipping coins but in the short-term, IMO, it can safely be regarded as close to being as random as rolling a dice. As for long term stocks, it's not so random as we all know: most pinksheets go bankrupt and the bigboys average at 8% roi per year.
By the way, I am aware of the fact that there were some folks who have been warning of bad news. However, I believe those folks also have been claiming all along that all GZFX indicators are screaming right up until early 11/29/2005. We all know that this stock started to taka a dive early this week which was BEFORE the 29th.
Like they say, the rear-view is much clearer than the windshield.
I'm in this stock only because I believe in this company... not because of some chart or indicators. Think about the long term and think about the good services of this company. Ignore the damn chart if you really believe in this company!!!
AI
