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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Re: My Positive View To Sharky
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Mar 29, 2010 09:59AM

Mar 29, 2010 10:21AM

Well, your Technical analysis Post, are very appreciated... and most of the time very accurate

Well tnx but as you know technical analysis is not a certainty as a whole and when ocsillators change then top is already set.So determing a perfect top is not easy.

It's easier when a stock has come down like the last one to predict by using the fibonacci calculating theory.So at this moment it will depend how strong volume resist to slope the previous 1.64.

If a flag formation is formed then the move will go on and top with same amount from the start to the flag.Fund buyers use also techical analysis but mor e"complicated then the one i use .So when some levels are passed computers are triggering new buy signals .That's why we see high volumes appearing to smash a top .


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