Replies to post #10204 on Cannon Exploration Inc. (fka CNEX)

[Mr. Zen]

another wanna be guru, god when will they end, everyone is a told you so...

well guess what sport, charts are about as useless on a micro cap as a dress is on a pole dancer, so sure you think you can make money off charts for subpennies, lets see you last 6 months, oh and don't forget to get a membership if you want respect. freeloaders should not pass on opinions.

[cbrad10480]

Told you so yesterday that the Hang Man on the chart is not a good sign!

What's your opinion now?

[light_the_way2001]

A Hangman Doji like all Doji's require confirmation of the next trading day and cannot be considered by themselves without looking at the volume on the day the Doji hit vs the previous days' trading as well as other indicators such as underlying moneyflow, VWAP and so on. They are cause to look further at other indicators and possibly set stops accordingly if so inclined. As we see today there is more volume and hitting several month old resistance levels. Another thing to look at when a Doji appears is the previous 2 days candles , combine them to see if a bearish or bullish candle emerges. There are no single indicators or candles that stand alone is what I have learned.