ggp charting the breakout..., page-66

Nikolal, I have much respected a lot of you your posts on different threads since I first logged onto hot copper. But such a single minded statement from someone like yourself has me a little perplexed...

I follow TA and use it to trade the market, that being said I am in the oil/gas industry and actually bought into ggp many months ago when I found the had acquired some cheap permain acreage...

But I continue to look for signs of strength and weakness in the charts to back the strong opinions I have based on FA.

I won't go into depth about the pros and cons of charting vs FA because the fact is I use both...
But I will ask this, how many times have you seen an ultra high volume day for a particular company on the back of great fundamental news only to see over the next few weeks months the sp steadily fall...

Professional money were selling into the good news and subsequently the sp falls away in the following weeks/months without the professional support...

Well this example plus many others can be spotted and acted upon using charts, they leave footprints everywhere they go....

I hope you can understand where I am coming from...