For what its worth I appreciate your charts...but, with all due respect they are more often than not formed with a negative view.
Virtually every single time!
I have charted this thing to within an inch of its life...intra-day (5, 10, 30 60 minutes), daily, weekly, monthly...so have a feel for the negative and positive cycles.
You have been consistent with your calls...but consistently negative...and I think the one time you suggested ANP might rise, it was with numerous qualification thrown in, leaving the reader in no doubt you did not expect it to rise.
Not meaning to be critical here...but I think johno247 has a point. It doesn't matter if you make a call at a price level or not...but at the very least, I don't think you should claim to be correct based on your "charts" when you clearly were not...or when you picked so many possibilities you were bound to land somewhere.
In my view, charting is not an exact science...and we get into trouble when we do so. They should be treated more like weather predictions...40% chance of rain, but 20% of fine sunshine.
If we cover every scenario, and get one right, it is not exactly predicting...it is more base covering.
It is a bit rich therefore to claim we got it right when in all reality, we picked so many possibilities we literally could not be wrong.
I see your charts as more akin to commentary...and please believe me when I say they are appreciated, in spite of what you might think of my post right now...all I ask is you think reflect on what I am saying please.
Go back over every chart you have posted on ANP...if you are honest with yourself, you will see the negative nature thereof...and this is in spite of the fact the stock has risen far more often then it has fallen...rising from 0.7c to 3.9c before settling at recent levels.
Pretty much, for every remotely positive comment you will notice at least two negative comments...in spite of the stock rising considerably over the period in question.
I put this down to a subconscious expectation the stock had risen so far, so fast, it had to fall.
That is not charting...that is wishful thinking.
Again...please understand I am not meaning to criticise...just trying to raise your awareness of something you may not even be aware of.
Keep up the good work though...they really are appreciated.
Cheers
ANP Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
