News Focus
News Focus
icon url

Smooth Fx

07/24/11 10:26 PM

#38146 RE: Mr Wizard #38139

For the most part emotions can affect the immediate situation. However, the MM's open each day with a plan. Right now, the perfect "pennant pattern" on top of the current chart shows the orchestrated plan to raise us up, take profits and scare the pps to a point where stop loss orders hit, then accumulate to the very short margin Friday closed in.

Emotion might make this fall or gap up at opening. Regardless of how it starts, the expected trend (for chart readers) is it will go up. This does not mean each day will close green; but the longer trend should improve.

Longs probably don't care what happens this week, unless they want to add on the "panic dips." Longs have put money here with confidence the future is bright.

This is all just my opinion: All the investigating into SavWatt has unvailed piles of pros and conclusive evidence to growth, vision, and commitments. The only real con has been the unrest in people as to Ike's role. So it's like 110 to 1, pros to cons here.

What drives people nuts is not knowing everything... Well it drives the competition nuts too. I don't want SavWatt to PR every idea, move, or sale they have made. It tips their hand and makes for bad business.















SAVW
icon url

Matt_Chart

07/24/11 10:37 PM

#38149 RE: Mr Wizard #38139

To best answer your question is that human psychology and emotions are predictable behaviors that form repeatable and predictable patterns.

Of course a chart doesn't tell you that Adam Smith is about to buy 50,000 shares of stock A.

But what it does tell you is that there is a element of greed or fear existing among participants of a particular security.
icon url

Smooth Fx

07/24/11 10:45 PM

#38152 RE: Mr Wizard #38139

Matt is right on here. This is a chart I sent him for a read to help me figure out where it was going. No lines, just a human behavior question:


What is your read on the human mind from this chart?
____________________________________________________________
Woman: Hey honey, what's on T.V.
Man: Looks like dust


What does this chart suggest will happen next?
____________________________________________________________





Sorry Matt... I needed to repost Lol.