chart needs to bounce here !, page-137

I also follow fundamentals but in fairness to the chartists the fundamentals did not tell us the SP would drop from 3 dollars to 2.20 after a successful exploration well on Ungani North.

Various technical indicators clearly showed the momentum was down while us fundamentalists were left contemplating the vagaries of investment.


Honestly I dont know where I stand anymore. The markets seem so volatile even with apparent solid companies. There are companies out there trading just off cash backing or with PE of 8.

So no it wont predict the result of a DST but it can tell you whats happening next during periods of quiet news.