Replies to post #11481 on World Surveillance Group Inc (fka WSGI)

[justfrank]

techisbest...Please post a chart showing your trendlines. I've drawn it a couple of different ways don't see any that the show the close on a down trendline nor am I able to extend it to the 52 week high.

Also Prior high wasn't $4 it was $4.34 or if you are looking at a line chart $3.96 would have been the highest recent close.

What are you seeing in that chart that makes you believe that it is going to consolidate below $4.00?


There is plenty of room for this to move before consolidation takes place. 15 min chart shows the Bolinger Bands tight. I would look for a new recent high in the first hour of trading.

[itsjustme]

techisbest...when you figure it out let us know. In the meantime, I think you are wrong. There is a point, or points, in the TA lifetime of a potentially successful company where the parameters change and new trends are formed. In addition, there are points in time where mass human psychology is a more important driver than TA indicators

You may be correct and the price will range in the area you suggest. However, at THIS stage of THIS game, with THIS company, I prefer to err on the side of caution and the upside, and hope I don't err by being to low. I will take what I can get right now, and see what TA can tell me when it starts to be applicable again. Cause right now I don't think it is, other than all shows positive trending.

I have also tried to find a trend line that works...have not found one so far, except possibly a six year one.

j

[msmag]

News trumps and can blow out any TA especially with this golden jewel.