Replies to post #280 on NetSol International Inc. (NTWK)

[kidhp]

Very good analysis. You are now officially a "chartist".

This chart has a very good historical lesson in the importance of CMF. Notice the chart starting in April, 2003. The CMF line is quite high for several months, although the stock price stays flat. When you see a chart like that, sooner or later the stock price will have to rise. Also, notice the Bollinger bands are very, very tight and narrow for months on end. This has to do with the narrow trading range of the stock for so long a time period. Tight Bollinger bands indicate that a change is coming, although the direction is not clear. BUT, the combination of a a very positive CMF, combined with a tight Bollinger band is a very, very bullish setup. And the payoff came in early January, 2004 when the stock broke out.