Replies to post #6144 on World Surveillance Group Inc (fka WSGI)

[justfrank]

Can you post one and show why you see a three day drop?

I don't have time to mark one up right now but take a look.

Aroons 3,5 and 8 all show continued trend.
MACD improved today
Stochastics still rising

We also had risen way outside the top Bollinger Band and just like when it goes too far below the bottom the pps tends to correct and pull back in. We've seen the market correct and pps should move back up tomorrow. I anticipate that barring any news we slide up right along the top band just like we had done when the pps was dropping and we slide down the bottom band.

Also note on previous price spikes we never pierced the top band usually just above the 20 day average and the correction would then take us back below it, today it was the 20 day MA that was our support.

It's only my opinion, so feel free to disagree.

[rtb_all_american]

SEBASS,

Like I said previously when I posted about CMF is that those examples are examples and the CMF doesn't have to be green. Actually there was some green in CMF for GTE from low head to right shoulder if you look back at that post of mine with CMF and OBV. Those are examples and pretty perfect examples, if you read the bottom of the H & S info at stockcharts.com it states about not looking for the perfect H & S and that it's an art not science. I will post later on some of those indicators but can only do two at a time, so you will have the plug the other ones in there. Also, GTE's H & S formed in about a month compared to those examples of 4 and 5 months, so do you use shorter days of CMF--I don't know? This is just fun for me really--I'm long no matter what and not selling--hope my monthly paycheck comes before GTE gets to you dollar value--that is if it does. O.k. I may sell a few above 2 dollars to get about half my investment back--still not bad though with 1.96 average. I will take a 25%+ lost on a speculative but promising stock. Oh--and on pennant fakes before, I don't think we were in a pennant this time since about 4 days after the increase to 1.63 last time--about the time justfrank posted H & S or even a little before that