Hunter, I think, and history has always proven my theory more accurate than anyone else's, repeatedly I might add, that squiggly line reading is not anything but hocus pocus and a way for people to sell other people "systems", "proprietary" charts etc.
But fringe doesn't want anyone discussing TA here, as he pulled a few of my posts yesterday. It will be interesting to see if buddy brikk's post specifically about TA gets pulled, and yours as well, or just mine.
I would love for someone to demonstrate it to me, as in predicting the price of NSMG accurately, as opposed to the "if the stock hits 20 then we'll surely hit 21" kind of thing.
Personally I think this latest move is people trying to get in before the rush of the hurricane hype, and consequently, and ironically to this discussion, creating a false breakout for these chart fortune and future tellers.
I think we'll see the low teens again if not under 10 before we see any further rise in the price of NSMG stock. I say this because fundamentally I think while the company is beginning to get their ducks in a row, ie new website, the benefots to this are far off in the picture revenue wise and the market won't be looking forward to hurricane based revenues for another 3-6 months..... all IMO of course
NSMG headed back down, IMO.
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