i have remeasured this rally and depending where it started it is possible this rally is over ..... 4.40 could be the target and with the stock so overbought [several percent above the mean] and with all the current news [and rumors] on the table the technical downward force [short term] comes from the market makers. However, we have started a new intermediate up trend but if momentum is lost a pull back to 3.6 ish whould set the stock up and relieve the market maker pressure. doesnt have to happen of course and 6 might be the target depending where one starts the mumbo jumbo of charting...long term investors really dont careand should buy on dips.....if one comes..
i still have my stock but was not buying at that level if you recall I was suggesting selling on news reports ...my position is still going up and it is 'all in poker/...i was charting in the 8 9 time because ive been in this stock from the 2002 lows and doubled up on this test...im no mystery just another fool investor who happens to believe in this stock..last year I tried to keep people in a long term view of sciclone ...I encouraged profit taking against news not pumping or buying at 9 but kept my stock bought a year earlier....I m impresed with the smart people on this board [not necessarily you. I like the story of sciclone and have made a large bet on it.......The chart advice was to help people stay in at the lows test of the old lows and to not trade....leave that to smart guys like you.....im bored now and am going to walk in the rain bye
no doubt dr.......let me help you....and im not preaching.......trading penny stocks or stocks with no revenues is a sum zero game. and you have opponents. short term trading is best left to the experts as they stack the deck.....apply your chart theories to long term charts and learn patience....you will make more with less effort
That's very kind of you! I've never been referred to as an ***. (Did I spell that correctly?)
In a past life you obviously were one who laughed at Noah; thus your fear of thunderstorms.
Have a nice week end!
something smelled fishy from the first time she appeared on the board when stock was in the 7-9 range. most gave her a free pass. she is sure taking advantage of credulous people here.
I think wounded elbow might be her half brother.
<<<chartists love short sellers because they help make the charts work>>>
I very much agree with you! There HAS to be both!!! Breaking support or resistance, the signal is there and if you want to make money, you've got to act on it.
I recently took my position in DOR via a gap-up which broke 6 month resistance. The price broke, traveled down on top of prior resistance briefly, then went upward in a series of small moves. Another semi-chartist I found on the DOR boards pointed the move out to me as I didn't see it, even tho we were looking at the same OHLC. Another 'shy' chartist stayed out as she believed this recent movement was just a small correction. I took the plunge, however, and am waiting to see if my formulas play out.
This is why I like talking with other chartists and keenly welcome their insight as we can all be staring at the same chart and see completely different patterns.
<<< I require revenues.>>>
My missing indicator! :^)
I never said I was a 'popular' chartist! DOR didn't start out a penny stock either, and even though my gut says this isn't a sure thing, I haven't hit my stop-loss yet and I'm going to let it play out. I may opt for smaller gains like 25% in the future.