Replies to post #30803 on NeoMedia Technologies, Inc (NEOM)

[jonesieatl]

chartist:

Never meant to imply that your chart isn't accurate, I see that it is.

I have however wondered aloud (and as yet have received no firm answer from anyone on other boards) as to whether the employment of plotted-in trendlines should dictate the use of log scale or normal price scale in the interest of best outcomes and validity.

For myself I have always used normal scale since it extrapolates out into the future in linear fashion rather than applying the log scale to the plotted-in trendlines.

Maybe I'll email Gary B. The Chartman and ask ;)

Agreed, NEOM broke a trendline today so far, on my chart it's a middle trendline though, it sat at .3621 today.

I feel more "comfy" actually having that lower trendline down there ~ .25 as opposed to having nothing "chartable" below the 200SMA. (And I realize there are other support levels but that's where I run into some personal charting weaknesses on NEOM, not sure where they are LOL, anybody? Beuler?)

As I've said before I wouldn't be surprised to see "them" take advantage of the timeline and any "fear" or capital preservation or whatever to do a quick slam down to that lower trendline and right back up, like they did in early April ... on "my" chart.

Yep, we'll see. As always, news will trump TA.

Best regards,

jonesie

[whattheheck3030]

Since you like charts, I sort of like charts, the problem I have with them is that charts cannot take into account any news that might occur: Anyway, now that the 200 moving average has been crossed, do you believe that is a clear sell signal? I have always used it as such, but would, and will, wait a bit more on this one, only because the cross over of the 200 day is so small. In any event,what do your charts tell you in the short term to expect?