Charting- please help

Afternnon all,

I have ordered a book on the basics of technical analysis but in the meantime please could someone be som kind as to explain in detail the graph below:- What does all the writing mean and what does each graph mean? Sorry if it's basic but I reaaly would like to know. Thanks in advance.

MM

http://www.hoodlessbrennan.com/Mba.H...share&epic=NRK

If you wanted to sell your house and every time you walked by your local estate agent's window you saw red flashes across their properties saying 'reduced' - what would you deduce? Conversely, if you wanted to buy a house and you saw the reduced signs, what would you deduce? Well, the chart is telling you pretty much the same thing. As for all the writing, there's a lot of it and most of it is self explanatory, except for all the fundamental stuff which, arguably, is pretty meaningless in the case of NRK. Sentiment rulz and in this case sentiment says this stock is pants - regardless of any positives that may reside deep in the bowels of the funnymentals. Is there something in particular you're wanting to know?
If this particular stock is of interest to you, you may want to check out this thread:
http://www.trade2win.com/boards/stocks/26428-northern-rock-example-panic-selling.html
Enjoy!
Tim.

I've annotated your chart. Read your book carefully for detailed explanations of the areas I have marked.

Hi Memphis,

I really do hope that your chart was for research purposes only, and you haven't bought or are thinking of buying this stock.

This company's future is very uncertain at the moment, and buying shares in this would make for a very stressful trade!



Thanks

Damian

76p!? Dammit. I was *so* tempted to short NRK when it was 300p.