Replies to post #13323 on Cytodyn Inc (CYDY)

[Cynmark24]

d0lphint0m,

Back in the day when I used to trade futures contracts I was a great proponent of a disciplined approach based upon technical charts. While fundamentals were the driving force forming the various charts, for the most part I based my trading upon what the charts were telling me.

That's why I am a big fan of yours, sharing the charts and your interpretations of them here.

Now here's the "But."

Since I joined this Board last year, I have yet to see anytime where basing one's trades on moving averages or Bollinger bands or anything else for that matter has had led to any profitable trading, even for just an entry point, and possibly an exit point.

While I always look forward to your commentaries, and all my trading here has consistent of only two purchases (one small, the second one large), what I continue to look forward to is the day when you say the charts are pointing to a positive trend and the followup to that is that the trend actually happens!

So, if we close above .63, is the "train" going to move out of the station this time, or is it going to be another Penn Station derailment?

I don't know either.

[d0lphint0m]

That should read 20 day sma not 50 day. The 50 day sma is at .68 as someone else pointed out (but message got deleted for some reason).
The 20 day sma is the middle Bollinger band. The 50 day sma at .68 also must be contended with as a point of resistance though.