Replies to post #10818 on BlackStar Enterprise Group Inc (BEGI)

[kid biscuit]

Charts patterns simply show an algebraic formula to read human emotion whether it be fear or greed, although news, pr's, conversions, filings, the total sum creates the chart which can be read...bullish or bearish reversals and candlestick hammers, dojis, descending or ascending consolidation patterns...they are legit. Simply can't trust in in only 1 piece of info, because all the exterior environment creates the actual chart which is quantified through mathematic formula...its your friend..after 21 days look at SOXS, and AMD. Those calls were made by algo charts nothing else. You can go on and on with the same result. They look over sold, and overbought, so if the overall trends are to stay intact, there has to be healthy consolidation till the sellers are dried up before it can resume. We will see if the signal reverses or stays on course soon.

[kid biscuit]

...speculative fervor is your friend at the beginning of any bearish reversal like BEGI had a few months back, on top of that whenever a chart goes sideways at a bottom for an extended period of time, that creates a bullish opportunity called a coiled spring which you love to have on LT support. Its the perfect technical foundation for a bearish reversal which is exactly what happened to BEGI and ran 1000%. No one needs to know the
reason why. But when you have multiple white candlesticks up, and a large inverted red hammer following with a small gain or loss...there is the bullish reversal warning. By the way the coiled spring was in a book I read back in the 80's that had been written
in the 40's by a well known roaring 20's investor. I always look for that in conjunction with a low float as possible and good volume to weed out low probability trades, although the low volume is no problem if whales are loading the coiled spring and aren't trying to gain attention. Charts n' Cheers