Replies to post #26483 on PPJ Healthcare Enterprises Inc (PPJE)

[Peggy]

Without volume, which is a clear indicator of investor interest (or in this case lack of interest) this stock goes nowhere.

Moving averages? What moving average? With no volume all this can do is average down. That is definitely not favorable.

I can assure you that volume is not only for beginners.

[Peggy]

I meant to ask earlier today but got busy ... why is it that both the moving average and the MACD for PPJE have both turned downward recently? I thought one wanted the MA to increase, thereby reflecting increased volume and interest. And the MACD line should be going up, not down as it currently is.

Very curious don't you think?

[Peggy]

One of the most widely read and respected publications concerning technical analysis is a book entitled "Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications." A high percentage of professional traders, especially those who are technical analysts vice fundamental analysts, consider this the seminal text on the subject.

As a result, I was curious to see what this reference guide said about the importance of volume. As anyone can see below, volume is a primary confirming element of technical analysis.

Technical analysis is not an exact science, thus these patterns indicate direction and target prices not with absolute certainty, but with a degree of high probability. However, there is a danger of seeing patterns that are not there. For this reason, the use of volume as confirming the underlying market psychology is highly recommended.

So volume is for beginners? I don't think so.

[CompanyPI007]

I WOULD LOVE TO SEE THE CHARTS YOUR LOOKING AT CAUSE PPJE CHART IS SIMPLY PATHETIC! CHARTS DON'T LIE, CEO'S DO!
[URL=http://imageshack.us/photo/my-images/835/ppje5yearchart.jpg/][/URL]

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