ADY 0.00% 1.2¢ admiralty resources nl.

ady 6 month chart trend break out, page-5

  1. 1,612 Posts.
    dcrafti I think your comment was a little harsh here and reading a chart has absolutely nothing to do with horoscopes. The chart is the one thing that actually does not lie - unlike the board members of ADY. Certainly with those with any agenda there is the possibility of "making" a chart look the way you want it to if you have enough money to throw at it to manipulate it.

    Basically though Harry has drawn his chart correctly IMHO and I've been charting for a very long time. It is not a matter of making a chart look the way you want it to. If you start from a point and draw a trend line and touch the points it most often touches then obviously you have a trend. You can only conclude that the trend has broken when you have enough points to create a new trend line in the opposite direction which generally means reaching the point where after a significant downtrend you have started to reverse and make a higher low.

    Personally I'm going to hold this dog to see what happens with Charge and then I will make my decision.

    I feel greatly for those who have lost so much. There is so much mismanagement around it is beyond a joke and that is exactly what ASIC is as well.

    Good luck to all holders.
 
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