breakout?, page-42

Breakout or False Breakout?
Technical Chartists or Artists- out of respect for other investors here for the simplistic baloney that was shrink wrapped as technical analysis- a revisit or followup from what you originally posted would be fair... captain? McKagan?

Had to comment cos, there are many many ways to read a chart. Throwing Mr Bollinger, MAs or resistance levels into the pot is all good- but the timing of those comments and all during the surge throws a little suspicion. Dare I ask- at what point did you pick the exit? Do you still hold?

Its easy to say "An experienced chartist can see the quality of this setup" and pat your mate on the back when the price is going up but it takes abit of balls and good character to repost and follow up on past bold comments. Like, what happens if resistance is broken at 7.5c and it was only an intraday break with long candles? What happens when what you say ends up being completely 180degrees the other way barely 2 days later?

Like I said, there are many ways to read a chart. There's no crystal ball. Your intention to spruik it up while you were momentum trading "this quality setup" - hope it payed off for you. Chartists get it wrong all the time too mate, just like how you just did.