Replies to post #73949 on Green Energy Enterprises Inc. (GYOG)

[ufgtrs1]

Well, I guess then you have not been paying attention to the charts...or maybe you don't really know how to use them to make money.

[The Bigfoot]

Sorry kiddo,

A lot of us here are chartists to one degree or another. It's not prognostication so of course predictions will be as accurate as the people who make them but charting does reveal some of the psychology of the market which can affirm decisions and trends.

To quote Jessie Livermore

Prudent speculators never argue with the tape. Markets are never wrong, but opinions often are.

All through time, people have basically acted the same way in the market as a result of greed, fear,ignorance, and hope. This is why the numerical formations and patterns recur on a constant basis.

Every stock is like a human being: it has a personality, a distinctive personality. Aggressive, reserved, hyper, high-strung, volatile, boring, direct, logical, predictable, unpredictable.

I often studied stocks like I would study people; after a while their reactions to certain circumstances become more predictable.

QASP made Bigfoot's feet smelly.

[RoboTrader]

Not only did the PR bring this down, the charts were extremely oversold and they were showing a bearish trend. Charts are another reason I was able to determine why QASP behaved in the way it did.

In fact, it's still extremely bearish right now on the Daily charts. ChiOSC and Accum/Dist along with Slo STO and ADX are still sliding down on the Daily. Then you've got the 60min chart showing Slo STO bottoming out into an oversold condition and RSI starting to turn bullish, but ChiOSC and Acumm/Dist along with ADX are still showing a bearish trend. Once we start seeing these three turning back up to a bullish condition, that's a buy signal for me.

Current support looks to be around .019 and resistance at about .023. I don't think we'll see it go down to .019 or below, but it wouldn't surprise me just like the drop from .03 to the current levels really shouldn't have surprised anyone if they were really following the charts and the contents (or the lack of) in the latest PR.

Of course, the charts are trailing indicators, once we get a PR with substance, this sucker will fly, but until then, we're doing the rinse and repeat cycle again with traders driving this.