posted
Skip, I am not very chart savy. Perhaps, you can help me out, and compare QMMG's chart to USGA's chart right before it made it's monster move from .007, on 10/11/06, to today's HOD of .047, (+571%). See any similarities?
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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There are several ways to compare these 2 stocks. I will stick with a simple comparison from when the runs started. There are striking similarities in the trading days leading up to the runs (example, look at USGA on 10/15 and QMMG on 11/2), but let's keep it fairly simple and focus on the power days...
Here are the similarities that I see...
Notice USGA on 10/31, nice white candle day, big volume, nice gain in PPS, SAR dot flipped down, RSI went REALLY high to almost 70, overbought...
Notice QMMG today, nice white candle day, big volume, nice gain in PPS, SAR dot flipped down, RSI went just slightly above 30. Now, IMO, this is where QMMG has a lot of potential. We had a nice day today, and it's still oversold! The potential here is really nice. Now, we know there is some dilution, so that might have curbed what could have been an even bigger day today.
But, when the D is done, watch out...The market overreacted to the dilution, now let's see it correct itself in a positive way...
all my dumb a ss opinion...
Posts: 2741 | From: Seattle | Registered: Feb 2005
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posted
Thought they might have looked alike right before the major move, thanks, Skip. I appreciate you sharing your observations with everyone.
Big difference between someone saying, "the chart looks good", and someone EXPLAINING what one might look for when trying to understand how a chart relates to price movement.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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