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Message: RE: psy...resistance at 1.70??? ... psyop

RE: psy...resistance at 1.70??? ... psyop

posted on Apr 12, 2006 06:22AM

Well done. Your clearly stated points are well worth the read. Thank you.

The whole TA thing has fascinated me. I have read a lot about it via web sites. It amazes me how a ``science`` has so many differing opinions. The candlestick formations -- and all the odd little names -- seem to be a very common TA tool. Yet, when I track some of the web site predictions, they do not seem to be any more correct than someone who actually tries to understand the company which underlies those three or four letters on any particular exchange. I never know what is a valid prediction or what is pure hype without the company information. However, some of the TA folks just get it right. So, there must be something there -- I just have not figured it out.

Different strokes for different folks...

As for PTSC, it seems to me that the stock took a hot ride up and is due for profit taking while it finds it`s base and waits for financials and / or news. Of course, I`m just a big dumb guy from Tennessee.

John

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