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Message: RE: Chart Analysis

RE: Chart Analysis

posted on Nov 13, 2005 10:11AM
Good non-chart analysis! lol...

I agree that there is not enough volume to use charting on. The only thing I look for with this stock is volume with price direction. I think that is legit, to an extent. However, if things start to happen again I believe you can use charts again to trade successfully. After all, charts are just a reflection of the emotional states of a large number of investors/traders. The emotions of fear and greed don`t change. It`s chicken bones to people who don`t understand or believe this concept.

I also think you hit the nail on the head with ``I think most would hold tight for fear of missing out (because NO ONE, who`s held this stock for years, wants to be in that terrible position of dumping only to see an immediate blast off).`` I believe that is what keeps many of us here - the fear. It`s why I listen to Doni. If he has fear, it seems to be mitigated by knowledge and optimism.

``If it looks like any news is months away, the fear of ``missing out`` will evaporate.`` It never looks like that.

Lol

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