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wizkid1

10/07/10 1:01 AM

#148292 RE: ActivClient #148287

Charts don't care how you fell about a stock, they just tell you the truth about the trend. Can't argue that point.

Events can turn charts around quickly though and we have a few on the horizon. Time will tell though right now it's pretty flat. I choice to buy at this level, other can will wait for less or wait for confirmation of the uptrend. GLTA.

just_an_ant

10/07/10 1:04 AM

#148293 RE: ActivClient #148287

Because TA is just a potential tool

I was talking MACD Divergence and Falling Wedge (all TA stuff)

Given your analysis (if all believed as you stated) you'd have no buyers.....we should all wait for mid 4s...but they'd never come..because well...the chart says so (being extreme of course) - down down down..no end in sight....

Even today negative drop lies. Just at a glance (anyone not following days action) would think we had folks bailing..because it closed red and down a couple clicks....

WRONG!

Sellers weren't selling at bid and just 'getting out' (dumping positions like past), and certain buyers weren't waiting for sellers to just exit at bid...they bought at ask in a ratio of 10 to 1 today....yet it closed down on a paint for the TA crowd on 4,000 shares?

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There are better buy opportunities for Trader's and a Longer termer



Sure, but sometimes they don't come.....and folks miss it

in fact I miss one stock already this week I wanted to own.....waiting for .40 and it only got to .42..before going to .55 so far this week......hmmm

are folks doing the same with WNBD now...waiting waiting..and waiting....and then it starts to move away.....from them