Replies to post #109506 on Amarantus Bioscience Holdings Inc (AMBS)

[joboggi]

I am aware of that however, well the hammer is not on the daily chart, and the pps is not following that retest pattern. There was not enough volume anyway and the pps is not following through.

[sharpei]

Brick: The Hammer (Yes, it was indeed the weekly) is often a reliable indicator, but as tutorials will tell us over and over, indicators of all stripes require confirmation. In recent weeks numerous bios, pharmas have been subject to the realistic appearance of bottoms to name just a few. Their prices have been crushed. Yours was an understandable mistake. Individuals who have not experienced the practice of this complex world of charts, Fibonacci #s, Elliott Waves, tech indicators, etc. have no idea how easy it is to see one pattern, only to have another morph from the first like liquid mercury.