Registered User Joined: 9/22/2005 Posts: 849
|
What do you think of these?
ABK -- Nice rounding bottom (cup with handle)
GFG -- Ascending triangle. Closed above top trend line yesterday, has pulled back and high and low straddling top trend line.
RTK -- Dragon?
|
|
Registered User Joined: 8/3/2008 Posts: 36
|
Bcraig, RTK seems to have broke down through multiple support levels (although price is in an area where there are so many older support levels in close proximity) We could see a bounce almost anywhere. I have drawn in a trendline conecting the lows of March and July that could act a support. We will see about that.
I am looking for price to bounce at around $1.70 That is just my opinion of course...
|
|
Registered User Joined: 10/7/2004 Posts: 2,126
|
Please be aware that the support levels in the chart above are wrong.
The trend line as well is WRONG.
Let me give you a lesson in Trend lines. Well let me ask you first, because if I give you the information then there is no point.
How many different types of trend lines are there, and how do they differ? Don't bother to google you are not going to find this info in the web - you are on your own.
Now yesterday we tried to teach you how to draw resistance and support lines, but you failed to learn, and so you continue to post faulty information here and confusing folks.
Folks Serenity information is misleading - please be aware.
|
|
Registered User Joined: 8/3/2008 Posts: 36
|
Bcraig, be carfull with ABK at this time I am not sure if you said that you got in this one or not? I still like GFG. RTK like I said above we will have to wait for a bounce, I just love that BOP pattern.
|
|
Registered User Joined: 10/7/2004 Posts: 2,126
|
Serenity cameback as expected, but he didn't answer the question. My guess is that he is googling right now to see if he can find the information.
|
|
Registered User Joined: 10/7/2004 Posts: 2,126
|
Oh yeah bcraig "be careful with ABK" make sure to wear a helment - Serenity has a good huntch for this kind of things.
I wonder if he got the huntch from my post .
|
|
Registered User Joined: 4/23/2008 Posts: 214
|
Here is the proper way to decribe this chart. After RTK failed to break thru resistance, it turned and broke thru the support level. Some people will just never learn.
|
|
Registered User Joined: 10/7/2004 Posts: 2,126
|
By the way, well done Agm.
|
|
Administration
Joined: 9/30/2004 Posts: 9,187
|
Craig did not delete the extraneous posts from this thread, I did. And we'll continue to delete off-topic meaningless rantings.
|
|
Registered User Joined: 8/3/2008 Posts: 36
|
There must be an echo in here. In my post I state that price has broken down through support. agm says price has broken down through support why he feels the need to repeat my words is a little confusing?
Gee thanks for that valuable charting lesson agm.
|
|
Administration
Joined: 9/30/2004 Posts: 9,187
|
Serenity,
I think what agm is saying is that after it failed to break resistance in early August, it then broke down through the support level and he's bearish on RTK. Whereas you interpret the recent support failures as somewhat bullish "We could see a bounce almost anywhere".
I could be wrong, but after reading both posts that's what I came away with.
|
|
Registered User Joined: 4/23/2008 Posts: 214
|
StockGuy you are absolutly correct. I am bearish because it did not break resistance. That is the correct way to read that chart. You are welcome for the lesson Apsll.
|
|
Registered User Joined: 8/3/2008 Posts: 36
|
Stockguy, Do not assume anything. I said that price is curently breaking down. How is that bullish? I also Suggested that we could get a bounce at around $1.70 maybe.
Bcraig and I have talked about many trades over the years and pretty much understand each other. There are no mistakes in my charts. I origanally did not even mention resistance, only that I would buy if price were to break above the high of the consolidation. I would consider that resistance and so would Bcraig We did not need agm to point the obvious out to us in the context of "correcting my chart"
You admit to deleting some of bigblocks posts last night and you read what he said "that he will answer to everyone of my posts and pick them appart" I took that as a threat and you did as well, that is why you deleted it.
I know and you know what bigblock and agm are up to, they as much admited to it last night.
In my petition to your bosses via e-mail this morning they told me that it was up to bigblock and I to work out our differences. I have made it clear to bigblock that I do not want to fight anymore. And he made it clear that he is going to guestion everyone of my posts (again you deleted his statments to that effect). Well I am not going to ignor him anymore, If I feel insulted by his attacks and the moderators do not delete his negative statments then I will answer back in kind. I will not seek trouble out but I will answer it. He leaves me alone I leave him alone. He wants to fight and insult me then I will fight back. If we both get suspensed then we both get suspended.
I want to make sure that I am clear on this. I will not be looking for trouble.
To all the members that know me well, I post on the other forum with no problems, I have no enemies. I have the right to post here without bigblock breathing down my neck. If he leaves me alone then I will leave him alone, but if he starts trouble with me unprevoked then I will defend myself, sorry if that upsets anyone but the ball is in bigblocks court.
|
|
Registered User Joined: 10/7/2004 Posts: 2,126
|
Supporst level continue to be wrong - specifically Support 1 and Support 3. It seems the authour can't see the proper support levels.
Be aware of that TA as it is wrong and it can lead to confusion.
|
|
Administration
Joined: 9/30/2004 Posts: 9,187
|
QUOTE (Serenity)
Stockguy, Do not assume anything. I said that price is curently breaking down. How is that bullish? I also Suggested that we could get a bounce at around $1.70 maybe.
Bcraig and I have talked about many trades over the years and pretty much understand each other. There are no mistakes in my charts. I origanally did not even mention resistance, only that I would buy if price were to break above the high of the consolidation. I would consider that resistance and so would Bcraig We did not need agm to point the obvious out to us in the context of "correcting my chart"
You could have stopped right there. No need to keep that other junk going. I was just offering my two cents. Nothing more. No need to reply with more.
I just misinterpreted your statement that a bounce could come at any time as bullish.
|
|
Registered User Joined: 10/7/2004 Posts: 2,126
|
The correct Tecnical analysis is displayed below.
|
|
Registered User Joined: 8/3/2008 Posts: 36
|
I suggest that you use reliable tools for your charts, using a better charting sofware even if we draw the trendline your way it shows that price has already breached the trendline. (in my studies I have seen trendlines drawn both ways, including wicks and tails or not). Many on this very forum and others use both methodes.
You agm and stock guy are the only ones adding confusion here. My original post was directed at Bcraig in reference to whether or not the bottom of the gap (support) will continue to hold, in this case it did not. Once you and agme started your "Junk" Bcraig steered clear of the the thread.
Here is the reliable Telechart version of you mess
Like I said there are so many support levels in close proximity that we can see a bounce almost anywhere. And stock guy The "junk" as you put it was related to the inaccurate assumptions that you made. I was trying to make the point that it is not right to apoint ones self the arbitor of wether or not another is right or wrong. Giving ones opinion is fine what agm and bigblock are doing is not. And as long as you allow them to continue to do so then you are going to also continue to lose good quality folks to other forums and and also have low quality threads.
|
|
Registered User Joined: 10/7/2004 Posts: 264
|
QUOTE (BigBlock)
The correct Tecnical analysis is displayed below.
There is no such thing as "correct" technical analysis. It is much more an art and subject to a lot of opinion. There is absolutely no way that you can know for sure if a level is a support or a resistence level. You can only make an educated guess. A line on a chart does not make a suppor/resistence level. The only thing that makes a support or resistence level is supply and demand. I would suggest that a more valid support level is in the $1.25 neighborhood. That is an area which the chart previously shows a supply/demand imbalance. Oh, and technical analysis doesn't make one a profitable trader/investor. Good luck.
|
|
Registered User Joined: 10/7/2004 Posts: 2,126
|
My mess? I rest my case.
As long as folks have eyes and can see I am sure it will not be dificult for them to decide where the mes is.
|
|
Registered User Joined: 10/7/2004 Posts: 2,126
|
There is no such thing as "correct" technical analysis. It is much more an art and subject to a lot of opinion. There is absolutely no way that you can know for sure if a level is a support or a resistence level. You can only make an educated guess. A line on a chart does not make a suppor/resistence level. The only thing that makes a support or resistence level is supply and demand. I would suggest that a more valid support level is in the $1.25 neighborhood. That is an area which the chart previously shows a supply/demand imbalance. Oh, and technical analysis doesn't make one a profitable trader/investor. Good luck.
Golfman25.
Dear Golfman25 in response to your nonsense allegations. Drawing resistants and supports is not art there is a proper and an improper way to do it.
In regards to not knowing whether a level is resistant or support YOU ARE WRONG.
Support is encounter by a stock in declined at that particular time, and Resistant is encounter by a stock going up at that particular time. The same level can be both depending on the trajectory of the stock. It is up to the person analysing to know which one it is. Obviouly some folks around here including you have no clue.
Supply and demand makes patterns, trends, as well as pivot points in a chart - those showing where there has been a point of fight in between those two and the outcome trajectory draw points of support and resistant. A support level doesnt mean that the stock will hold its ground there, it only shows that it has in the past (same for resistant).
And I agree that technical analysis by itselt doesn't make a profitable trader. But if you can even read a chart - then you shouln't be trading at all.
|
|
Registered User Joined: 4/23/2008 Posts: 214
|
QUOTE (BigBlock)
The correct Tecnical analysis is displayed below.
Ah but correct chart lines does make a difference when it comes to either making or losing money. Apsll is so stubborn and inexperienced, he continually makes the same charting mistakes over and over. And then trys to teach others the wrong way.
|
|
Registered User Joined: 8/3/2008 Posts: 36
|
agm32 do you have a personality of your own. all you do is show up when bigblock does and agree with everything that he says like a puppet, just shut up and let your master do the talking. We all saw how popular he was this morning when he hit the forum with his silly poll trying to derail me. Kinda back fired on him though. Six out of six responses were all aimed directly at him showed the true measure of your popularity, lucky for him his buddy Stockbguy deleteted it for him.
You are correct about one thing however people do have eyes and to this day no one seems to be able to make heads or tails of your charts. what happened to the fake white line? not showcasing it anymore?
Bigblock just face the truth you never have and never will know anything about TA Your predictions for ABK were off and for ESLR talk about giving bad advice lucky for my friend Tobydad he ignored your big prediction on that one. I am stuborn because I follow my rules and make money The proof little puppet if you want to look for it is right here in the very pages of this forum. Do some work and look it up. I pick the stocks, tell people why I pick them and then we would all watch as my picks would rise that is when this forum was fun before the dark times.
Stock guy you should not delete this post because we are discussing Technical analysis and bigblocks lack of it. You can keep his posts when he is judging me then you can keep this one.
|
|
Registered User Joined: 10/7/2004 Posts: 2,126
|
Hey Serenity you are an idiot who rather screw folks over instead of recognizing your mistakes.
I tell you what I am going to do I am going to have you all over again just like I have done over and over.
First of all we all have seem your ignorance and lack of knowledge not just in TA, but even in general markets and trading principles. We all have seen you lie to folks on their faces - let me refresh your mind.:
Craig S, since my suspension has been lifted, I want to write this final post to say goodbye to all my friends. My wish is that you will lock this thread after this post as it is not my intent to start controversy or any further trash talk, and there will be those that will post garbage here and that I do not want. I only wish to say goodbye.
Apsll
And then there is the other lie about your sign on name Tombstone, and I can go on and on and on.
You are a lier - a man with no word - You are a JOKE.
Your knowledge of TA as well as anything concerning the markets by my measure is that of 1st grader if that.
In regards to ESLR - folks are responsible for any actions they decide to take. The call was legitimate althought in a day when markets are dropping over 3% in a single session is not a day to enter anything long. As I said all along I have supported the short side of the markets for a long time now. I have also spoken clearly about the dissavantages of going long in a bear market. I am sure you recall - don't you.
Your picks have never worked at any resonable ratio. If you give 3 stocks and may be 1 sees some profits - what is that?
Are you still following GAP - where is you laughing now?? and you stupid emoticons? ah?
That is a real trade - not the garbage you bring here.
What about NFLX? Those are real trades I brought in - not just a remark like the one made for ESLR. By the way I just close that short today - I am sure you can figure out why.
And in regards to the white line - it is selling like you wouldn't believe it. For every customer that comes in, I get at least 20 more from referrals. You know where to find it if you like it.
I get over and over the same comments - noone have ever seem anything like it.
We are launching another site this fall dedicated solely to systems. When we do I will let you know - you are definitely in need of help (mentally, and technically). Take that with a little water to swallow it well dear..
|
|
Registered User Joined: 8/3/2008 Posts: 36
|
bigblock you do know that we are on a very familiar road that will soon bring us to suspention when Craig gets a good look at it. If that is where you want to take us...
Ok Tombstone, The managment would not change it over for me even though I petitioned them to (ask them if you wish)
I do not screw anyone over like you said about ESLR people are resposable for their own actions. Then mistakes of course I make them who dos not?
I would leave this forum today if I knew that you would also. You see it was my intention to leave because I thought that I was the focus of your psychotic behavior, But after a week or so of checking in as a guest I saw that you were terrorizing folks at will. I then asked some folks from wycoff to drop in and see you in action and they all agree that you have bats in the belfries, but because they did not want to get involved, thus ptolemy was borne,, and you have it backwards my friend You see most people tell me (I can also see for myself) that it is I that make the fool out of you, they wonder why you cannot see this. Did not the results of your poll this morning tell the story. Thats why I want to end the fighting, because no matter how much I humiliate you and beat you, no matter how many times you get banned or exiled, like the dawn of the living dead you just keep coming back. So in that sense I cannot defeat you. You are just to dumb to know how you look to everyone around you. I thought that when you saw how everyone turned on you in that weird poll you constructed that it might wake you up but even that does not phase you, so you win I cannot kill what is already death warmed over.
I really just want my friends to be able to post in peace without being harrassed by you. This is not a deal that I am making but you ignor me for one week, teach Tobydad about options and shorting like he has requested from you more than once over the last year and a half, be more like Alexandreia and I will do what you ask of me, I will stop posting charts over here I will never disagree with you.
You must want an end to this madness. I have said it, you win like I said above I cannot beat you. I will stop the fighting tonight. call me a whimp call me what you wish I no longer care we are both more than likly going to be suspended over this anyway. When we return then no more. you are the king.
Just stop the endless tyrades you are a grown man. That is what the wordens siad to me today that they view us both as imature children. so thats it you win lets just stop it....
|
|
Registered User Joined: 10/7/2004 Posts: 264
|
QUOTE (BigBlock) There is no such thing as "correct" technical analysis. It is much more an art and subject to a lot of opinion. There is absolutely no way that you can know for sure if a level is a support or a resistence level. You can only make an educated guess. A line on a chart does not make a suppor/resistence level. The only thing that makes a support or resistence level is supply and demand. I would suggest that a more valid support level is in the $1.25 neighborhood. That is an area which the chart previously shows a supply/demand imbalance. Oh, and technical analysis doesn't make one a profitable trader/investor. Good luck.
Golfman25.
Dear Golfman25 in response to your nonsense allegations. Drawing resistants and supports is not art there is a proper and an improper way to do it.
Who determines what is proper and improper? You, the GOD of all Technical Analysis? Some other "guru" who wrote a book or put up a web site? A market is made up of many players each with their own opinions. I know of several sucessful traders who take conventional TA rules and throw them aside and create their own.
In regards to not knowing whether a level is resistant or support YOU ARE WRONG.
Support is encounter by a stock in declined at that particular time, and Resistant is encounter by a stock going up at that particular time. The same level can be both depending on the trajectory of the stock. It is up to the person analysing to know which one it is. Obviouly some folks around here including you have no clue.
Supply and demand makes patterns, trends, as well as pivot points in a chart - those showing where there has been a point of fight in between those two and the outcome trajectory draw points of support and resistant. A support level doesnt mean that the stock will hold its ground there, it only shows that it has in the past (same for resistant).
All the pretty lines on the left side of your chart don't mean jack squat. Real men (and women) trade the right side of the chart. There is no way to tell whether you line will be suppport/resistence the next time price visits that level. Only after can you tell. BFD. By that time it is too late.
And I agree that technical analysis by itselt doesn't make a profitable trader. But if you can even read a chart - then you shouln't be trading at all.
According to you? BFD. There are traders everyday who don't use charts. Some are in the pits. Some read the tape. Some run computer programs. Some play news and other events. Good luck.
|
|
Administration
Joined: 9/30/2004 Posts: 9,187
|
BigBlock and Serenity,
You guys have become too big of a detriment to this forum. We've received numerous complaints from other customers. We've tried to ride it out and hopefully come to a peaceful resolution to your differences but it's clear that's not going to happen.
Your constant bickering has become too much of a distraction for other forum members and the moderators as well. It doesn't matter who is right or who is wrong, you guys just can't stay away from each others' throats long enough for the air to clear.
Both of you are suspended from the forum indefinitely.
bcraig, if you would kindly repost your original message in a new topic hopefully we can have a civil discussion unlike the one above.
|
|
Guest-1 |