Replies to post #5768 on World Surveillance Group Inc (fka WSGI)

[d33c4f]

We've been going sideways for a month dude
Look at weekly charts

There's no problem with stockcharts, the problem is your
interpretation

If trading were as easy as following a few words on a pnf chart there'd be no market
That target will not be a buy signal until x's break 3.75
Pnf charts are designed to filter out noise and do not change quickly

There is support all over the place here above $1
Your TA generator site is garbage..they all are

[justfrank]

Seabass, before you go on pointing to your P&F chart. You might want to research it a bit more. Not knowing much about them I thought I would look a bit deeper. I found this tidbit pretty interesting.

Important: Price objectives should not be used as the sole reason for buying or selling a stock — it is just a guide based on what the current P&F chart is saying. Stocks frequently move past the price objective and just as frequently reverse before getting to the price objective. The best way to use a price objective is as a cautionary sign — if prices get to the price objective, it might be prudent to monitor the stock more closely and move stops closer in case the move is done.

You can find that here:

http://stockcharts.com/education/glossary/pnfPriceObjective.html

As far as this statement

15% increase in short position for the month of september. That could mean only more short selling.

The report of short interest does not foretell more shorting!! Events which happen after that report effects what the next report will show. What it should tell you is that if the share price starts to rise significantly those shorts will begin to cover and will help fuel a reversal.

An investor that only sees one side of the equation often ends up losing money or opportunity.