EGR 4.55% 10.5¢ ecograf limited

Big year ahead, page-92

  1. 7,432 Posts.
    knl_ax19nov14_to_24jan15.png
    so slow and steady. The EMA's have crossed over and spread.
    that touching and 'diddling' last week is called a whipsaw for TA chartist neophytes.
    Wonder if peaceakki's fancy tech one did the same thing?
    and this week's action brings him back in?

    anyhow thank heavens it didn't gap open cos that cross thingy [think it's called a doji]
    anyhow if that was floating on a gap then we'd have a Possible evening star Indicating a trend reversal requiring CONFIRMATION by next day trade.

    Sorry for the lecture but many especially scoffers of TA is there is at least 2 steps in charting
    Indication and Confirmation. One gets ready by Indication and Acts on Confirmation.

    and thus the pain in the rrrrs of whipsaws from ma's golden crossing but soon 'indicating' death cross of the trend only to next confirm the golden cross remains in place.

    Anyhow the next Big Deal is Breakout of 21 and STAYING there.
    It's Tuesday so that could still be the Go by Friday's close
    but even 17 to 21 is a 23.5%er and I see the "canny" DTers are on to the KNL revival
    so we're in the market's hands but in an Uptrend.

    rah rah get flakey or eat dust super pits!!
 
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