InvestorsHub Logo
Replies to #580 on THE CAVE (CAVE)
icon url

just_an_ant

10/16/09 10:01 PM

#581 RE: rmepilot #580

It's not the posting of the charts

as much as what the chart is likely saying

and then how traders react

example: if he posts a chart and it looks like butting up against resistance and certain indicators weakening (or running out of steam)...the next day there could be a selloff...further fueling selloff as people run to lock in profits...further resulting in selloff of those buying high and not able to endure the pain (just too much selling)

however opposite is also true, tonight there is another ASFX chart..this time showing its on support.....that can lead to buying on Monday..fueling more buying..since stock looks hot again..and in play.....

those are just some quick observations.....

a chart is simply just a chart from the chartist perspective; however many folks trade based on TA (technical analysis) so having some general understanding of them is very important in pink land lol
icon url

TONY64

10/16/09 10:51 PM

#591 RE: rmepilot #580

smoke signals