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TA: BSGM - 1x18 chart, comments- Rats on rope chartIt is not often that I will commit myself to participating in a form of time travel.... publicly that is. The Roman Coliseum, known by us all , was the scene of Gladitorial battles, with the crowd inevitably being asked to give a thumbs up or down. Well, I've donned my dusty toga ( "when in Rome....") and I'm going all Siskel and Ebert on this one: Two thumbs down....way down. You've heard the term: "Investment Grade." rotfl Today, after being in a downwards sloping PPS channel since October , BGSM exceeded itself. Oh, almost forgot...... before hosting the the antiquated versions of today's MMA stand-offs, the Coliseum was routinely flooded in order to present re-eneactments of successful Roman sea battles. While we have all heard about what rats do on a sinking ship, this is what it looks like on a chart. See those small candles inside that downtrending channel ? Welcome to computer controlled egress ( Remember P.,T. Barnum's carnival booth of the same name?) This is how large Tutes can control a market in order to avoid stampedes. Think that the is no way that this stock PPS can collapse another 50% ? Think that there is no way that this stock can trade in a mind-numbing sideways channel for months on end before it then goes down further ? Really? Finally , what might this chart have of any educational value ? See the big red red box in the ADX ? Qed, baby. What, TA can actually be used defensively ? Respectfully yours, The Resident TA Freak |
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Msg # | Subject | Author | Recs | Date Posted |
29933 | Re: TA. A fireside chat.... Keywords: roadside; waiting; light ; change | berkstump2 | 7 | 2/24/2020 2:38:59 PM |
34452 | Re: TA: BSGM - 1x18 chart, comments- Rats on rope chart | LTIWEST | 1 | 9/16/2020 5:32:11 PM |