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Re: Ruellit post# 923

Friday, 01/27/2006 11:12:16 PM

Friday, January 27, 2006 11:12:16 PM

Post# of 115222
Watch out for Technical analysis bullcrap like this

I hate to see technical bullcrap like this...sorry...
By your method - if you connect top of Jan.18 to today, you have a BEARISH wedge...gimme a break...

You cannot make BS patterns by connecting 2 points at their extremes...I_like_bb does it all the time - but he has his own board, so he can. Plus the flawed method does find him some winners.
THERE IS NO falling wedge here..

This chart is way too young to see any wedges, patterns etc.
All we have is a string of positive days and buying volume >>> selling volume. This, and the lack of any real resistance, is what is the only technical statement that can be said about AURC.

Technically, this is a HIGH RISK play, though a very tantalizing one. And I have placed my bet on a big run, recognizing the risk, and not going on BS technicals.



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http://www.investorshub.com/boards/board.asp?board_id=7244
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