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Message: Pennant Formation

 

I believe the TA folks can make a case for the "science" of TA in that the numbers are there and they can be used to point general directions.  The trading paterns for PTSC have been so scattered I doubt it is predictable in any way based on history and all the license deals with little to zero movement.  Those of us who believe in patents and the current case believe PTSC is an undervalued stock. 

As you know, we have an interesting EDIG TA poster who shows the average number of shares purchased at a spcific price.  That is interesting to me as the poser maintains this is a better indicator of the direction than the closing price.  So far, he seems to be fairly accourate, but this is not the traditional TA we usually see.  To each his own....

FYI, I have never understood all those moving average candlesticks forming a hammer and whackin' me over the head with my own investment.  And then, there are those naked short wearers....what's up with that?

I knew a guy named Bolinger, and you, Sir, are no Bolinger!  lol

John

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