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dmlabuda

04/13/12 11:13 AM

#60908 RE: greens12 #60901

Amazing! That chart did not make any predictions except for one point where a bullish divergence preceded a rise in price from $0.02 to $0.03. I was simply pointing out (successfully I might add) how the news DOES NOT drive the price of a stock. If you look at the OB/OS oscillators following where my comments stopped, you will see that when they were providing overbought readings the price went down and when they were oversold the price went up. My whole purpose with these charts to to prove to you that there is validity in technical analysis and you can profit by taking the time to learn about it in stead of waiting around for the news which clearly tells you nothing about where the price is headed.