Replies to post #3170 on AIAdvertising Inc (AIAD)

[Lakota-45]

Thanks for getting back. I had told Rainmaker last week, that I was thinking of trading the stock on the highs and on a pullback and that I thought I had spotted a pattern that would allow me to do that. I had anticipated the breakthrough at .04 and that it would go to .057 and find resistance at .06 - where I was planning to sell some stock and hope to buy it back on a pullback in the low .04s. Then I realized how strong the move was and how thin the stock is and decided to hold. I am simply going on instinct here and when I saw your chart, I decided to get your thoughts based on what the chart was indicating. Didn't want to sell 20k with the idea of buying it back only to watch it go to .08 or .09. On the other hand, if it does drop back from here as I thought it would, Im going to feel like a dumb you-ino-what for not listening to my instincts. I think you can see my dilemma here. LOL

[georgie18]

There is nothing that is an exact science...there are always certain situations that cause change...but charts sure do win over throwing a dart and praying and though I think great dd is an advantage it too is not an exact science...I bet you can name 100s of tickers that failed to deliver what they promised on the time frame that was promised...

Charts do not measure the past for the pasts sake but any great student of the indicators of charts will tell you that studying the past can very well give a very high percentage of what the future looks like...especially if one understands patterns and reading candlesticks...

In my opinion the only ones that question the effectiveness of charts are the ones that really have not spent years studying them to realize all the nuances that create the explanations of why charts to what they do...

I would agree that charts are not an exact science and at times what you read is not what happens but if a baseball player is considered great by being wrong 65% of the time...and if a broker is considered great if he/she gives you a 20% return on your money...then I would say that charts are more of an exact science then any other avenue when it comes to trading...

CLWD...is a very bullish chart...but the Williams is extremely overbought...rsi is overbought and is has a bit of room...pps is trading outside the upper bollie and you have a double top...chart is preparing for a bearish move on a bullish chart...very possible for a pop but it will retrace within a day or two...