Replies to post #159568 on NeoMedia Technologies, Inc (NEOM)

[cloud3]

You don't know that, so what's the point in speaking of it as a statement of fact? I've been saying for a few days that we need to consolidate this move with sideways to slightly downward trading, as no stock moves in one direction without a pause to refresh. But to suggest that we MUST go sub-01 is just plain goofy.

[cloud3]

Chartist, I should add that your use of so many moving averages is not typical; most respect the 20DMA or EXA, 50, 100, and 200. Your assumption that we need to test the 34 day moving average is based on nothing but your own chart settings. Fibonaccis sure, but I've seen many many charts and reviewed the work of several respected and published market technicians. I've never seen that array of moving averages in use by any of them. And never have I seen a 34 day MA given such importance.

I could build a chart at stockcharts.com that uses all kinds of different arbitrary variables.

[JB6]

Chartistoo,

Good call on the .03. Does it still look we will hit .0084? I need to buy one more time. Thanks again.

- Jim