Member Info for NoelShempsky

The chart is now looking like a falling channel - bad news I'm sorry to say.

Before the mockingbird chimes in - as soon as I started to worry about being wrong about a falling wedge and a possible breakout to the upside, I posted it on here. I admit my mistakes - truth, honesty and openness is what you get from me.

As I said, I broke my rule of not waiting until the chart pattern is crystal clear. I did say that I thought the wedge was a bit short and I should have waited for another week or so for confirmation, but we can now see that it was forming a falling channel.

This is the biggest snag with TA, jumping in too soon, but if I had stuck to my rule then it wouldn't have happened.

There you are Snoop - truth, honesty and openness is what you get from me - and I don't try to hide my mistakes - that all adds up to integrity.

What do we get from you - sneering mockery and false accusations - e.g your accusation that someone had asked to see the chart and I concealed it from them.

Firstly, no one had asked to see the chart. BadA didn't ask to see the chart until AFTER my post about my worry that I was wrong about the falling wedge. Secondly how could I conceal the chart when all they have to do is click on the link above to see the chart.

So all you have is stupid comments, silly cartoons and false accusations and I know that, deep inside, you feel bad about yourself for being that sad, pathetic individual.

"just a sad little person who has nothing good in his sad little life" - quite right.

Easily amused by silly cartoons.

Prove us wrong Snoop - give us some forecasts for the sp - short term and longer term - and prove your stock-picking ability and skill.

Heading for 5p.

"Kenyan President William Ruto recommends his citizens who hold US dollars to get rid of them." - that makes me nervous. The issue is that Kenya doesn't have enough dollars to pay it's bills - so will the gov't seize gold?

However, I think the risk of that is extremely low, so don't let me worry anyone too much. Just putting a feeler to seek other views.

By the way - talking of SHG (Shanta Gold) - gold stocks seem to be getting more popular due to the rising gold price and the banking crisis.

I had posted that I thought I saw a cup and handle in the chart - a bullish pattern - the price should break out of the handle to the upside and good rise follows.

Someone told me I was wrong because the cup wasn't properly formed - the left side was a bit higher than the right, and with a properly formed cup, the two sides are of equal height.

However, they are all agreed that things are looking very good for SHG and it is due for a good rise. Someone posted that there are no more technical lines of resistance to the upside. Friday's 10% jump is just the start.

Last year was a transformational year for the company with all the past years of development paying off (as we hope to soon see with DELT) and a new mine starting production.

Late last year, the directors rejected two takeover offers, saying that they undervalued the company.

Whether or not it was a cup and handle, it seems destined for a price rise.

I think anyone looking for exposure to gold could do worse than Shanta Gold, SHG.

"How can that be interpreted other than "I have a 100% track record..." ?" - how? Only by someone who chooses to put a false interpretation on my words.

I have backed up things I say with evidence. I prove things.

You accuse me of ego and arrogance. Take a look at yourself. I have, using the evidence of my SHG posts, shown you that you are wrong, but despite the evidence, you will not acknowledge your mistake and apologise, you persist is these unjust attacks. That IS exactly what an arrogant egotist would do. We can see what sort of a person you are.

Why don't you as I do and provide evidence to back your sneering remarks - go back and find a forecast of mine, based on TA, that went wrong.

"Another week of jack" - wee wee Snoop's posts are boring the life out of everyone. We are all aware of the sp, so he is only telling us what we already know. What a pathetic loser he is with nothing better to do.

Thanks for that StaceGibbs -

"SMALL CAP IDEA: Record gold prices amid banking sector troubles augur boom times ahead for Shanta"

https://www.thisismoney.co.uk/money/investing/article-11882081/SMALL-CAP-IDEA-Record-gold-prices-augur-boom-times-Shanta.html

"Tipped in Shares mag..." - they spotted the cup and handle :-)

Just a little humour on a good day for us.

"100%? I will look forward to reading the many books that will be written about you! " - I didn't say that I have a 100% track record and have never made a loss. I only said that the times when I had felt certain about a chart pattern I was proved right. In other buying or selling decisions, based on fundamentals, I have made a few losses.

"The very best technical traders have a win% approaching 55%" - really, and if this one goes wrong for me, and perhaps another does then I will be approaching the average won't I.

So in telling me about the score of the best technical traders while at the same time mocking me for one going wrong is illogical and makes you look a fool.

Reply to StarBright's 19:17 post - see my previous reply.

No ego, quite the opposite and proven by my SHG posts.

I can see how you got the impression of arrogance and an ego. My words about how many correct forecasts I made must have seemed like bragging, but that was not my intention when I said those things.

Due to the sarcastic, mocking, insulting and abusive posts I get, I was using my track record in my defence against that sort of thing.

Had the replies I got on here been sensible debate, as on the SHG board, then I wouldn't have felt the need to be so defensive.

" Wee Noel’s charts are boring the life out of me" - then use the filter, that's what it's there for, but of course the real reason why you are on here is to amuse yourself with your sarcastic, mocking posts, so you won't use the filter, you will persist in your little game.

See my post about people with an arrogant, "I'm right I'm so clever" show-off attitude - it sums you up exactly.

I feel sorry for you, having nothing more worthwhile to do with your time. It must be a sad life.

The character limit cut off the end of my post - here it is -

Now, why have I made only seven or eight forecasts in three or four years? It is because, as I said, I know only about six patterns. They don't happen every day. I don't go trawling charts of other companies looking for them, but when they crop up in the price charts of companies I own or follow, then I use them to trade the pattern - so it's not very often. That is why I have done so only seven or eight times over a period of years.

So, if your motivation was to take an arrogant show-off down a peg or two, then look elsewhere as you are picking on the wrong person.

Reply to StarBright's 08:48 post -

I asked "What's you gripe?"

I'm going to assume that your motivation for posting was because you don't like show-offs, loud-mouths, braggarts who try to appear clever and need to be taken down a peg or two. I can understand that. I don't like that sort.

If that was your motivation, then look elsewhere as you are picking on the wrong person.

See a post I made last Monday on another board - "I'm not here to be a show off with an "I'm right and you are wrong" attitude. I'm here to make money and if someone has made a better interpretation of the chart, that I will use it and not ignore it." - why did I post that? Read on.

I post in the spirit of discussion and debate. As I have said many times, I am not an expert at TA and so I offer my interpretations of chart patterns in the hope of getting replies from people who are more knowledgeable than myself and who can help to confirm or refute my interpretation. In my career, teamwork and co-operation always led to better outcomes and it usually does in life general.

Before anyone posts mockery or silly little cartoons with the claim that I am now making excuses to try to dig myself out of a hole, I can, as usual, back up what I say with proof.

Days ago, on the SHG board I offered a chart interpretation and I got replies from people telling me that my interpretation was not correct.

This was as I had hoped - informed opinion to help to confirm or refute my views. They told me, in sensible posts, where I had gone wrong and what was wrong with my views.

They were telling me that I was wrong, and I posted - "Thanks for the latest comments. Very interesting and much appreciated." (SHG, Mon 19:38)

Two people had given good explanations of exactly where they thought I had gone wrong and I posted - "Must say - "I do want to see what you see in the chart" - that's true, I'm not here to be a show off with an "I'm right and you are wrong" attitude. I'm here to make money and if someone has made a better interpretation of the chart, that I will use it and not ignore it." (SHG, Mon 18:25)

So you have proof that I haven't just now dreamed up something to say as an excuse on here.

An arrogant "I don't care what you say, I'm right" and "Look at me, see how clever I am" attitude is a way to lose money. Taking the views of other people into account - provided they are sensible people offering informed opnon and not idiots who post only mockery, insults and abuse. I'm not saying you have do as they say and blindly follow advice, but it should be taken into account.

On the SHG board I got sensible replies and it was the sort of debate I always hope to initiate with my posts.

Now, why have I made only seven or eight forecasts in three or four years? It is because, as I said, I know only about six patterns. They don't happen every day. I don't go trawling charts of other companies looking for them, but when they crop up in the price

In my rush (as I have other things to do) I made quite a few typing errors. Here it is corrected -

"If this latest one of mine goes wrong it will be the first time..." - why should you doubt it? What your gripe?

I only started using TA in the last three or four years and have made only seven or eight forecasts on these boards, all of which turned out as I predicted, and that was because I always followed my rule of not making a forecast unless the pattern is crystal clear. This is the first time I have deviated from it.

Just as I provided proof of my PXC forecast, absolute proof as my post can be seen dated 13th Jan and the PXC price went up after that, proof of my others can be seen on CNR, ECK, HOC (twice) and of course there were my forecasts here on DELT - 4p down to 3.2p and later, 3.2p down to 2.3p.

So I can back up the things I say. I have backed up the things I say, so your mockery only makes you look like a moronic mouthpiece like Snoop.

"If this latest one of mine goes wrong it will be the first time..." - why should you doubt it? What your gripe?

I only started using TA in the last three or four years have made only seven or eight forecasts on these boards, all of which turned out as I predicted and that was I always followed my rule of not making a forecast unless the pattern is crystal clear. This is the first time I have deviated from it.

Just I provided proof on my PXC forecast, absolute proof as my post can be seen dated 13th Jan and the PXC price went up after that, proof of my others can be seen on CNR, ECK, HOC (twice) and of course there were my forecasts here on DELT - 4p down to 3.2p and later, 3.2p down to 2.3p.

So I can back up the things I say. I have backed up the things I say, so your mockery only makes you look like a moronic mouthpiece like Snoop.

"Any bit of news would be good" - really?, you think so do you Snoop?

From some of my psots - "even if I had it wrong, there was the chance of an RNS boosting the sp" and "News about one of the other prospects, interest from another of the majors or deeper involvement from the existing partners, new licence wins - so much potential."

Please let us know when you have something original to say Snoop. Until then, go away and amuse yourself by looking at some nice little cartoons.

"Well wee Noel did the charts work today" - if you had read my posts you wouldn't have needed to ask that question as they answered it, or perhaps you did read them but being the moron you are, couldn't understand them.

I appreciate your post DrP.

There are some very good tutorials - Stock Charts, Investopedia and others.

It is a huge subject and anyone would have to be very dedicated to put the time into learning it all. As I said, I have studied and use only about six patterns.

I have made some very good gains out of double bottom reversals, flagpoles and flag patterns and falling wedge patterns, and before the mockingbird chimes in, my successes can be verified by my posts where I tipped moves in advance - such as ECK, HOC, and more recently PXC. A short while ago on the BRWM board there was someone who thought he might have missed the boat getting in to BRWM, so he was asking about other stocks. I pointed him in the direction of PXC - it went up by 38% in less than two weeks and don't try to accuse me of lying Snoop, my post can be seen, note the date then look at the PXC chart to see the price action. 13 Jan 23 on the BRWM board - " If you think you have missed he boat with BRWM, might I suggest taking a look at PXC - copper, zinc, gold, silver, molybdenum and tungsten." - NoelShemsky.

If this latest one of mine goes wrong it will be the first time and it will teach me a lesson for breaking my rule of not trading until the pattern is crystal clear. I really ought to have waited for another week for confirmation of an upward breakout from a falling wedge. As Chambery tells us, the wedge should be 4 to 8 weeks long, but I would say 4 is a bit short, 6 or more long is better, but that's just me.

Good luck if you put it to the test.

I wrote - " there was the chance of an RNS boosting the sp" - that should have been, " there IS the chance of an RNS boosting the sp".

News about one of the other prospects, interest from another of the majors or deeper involvement from the existing partners, new licence wins - so much potential.