Friday, December 4, 2015
sucks
This post sucks. I'm going to try again. Distinctive pattern; jump.
The green bar down in the middle of November was certainly distinctive, especially in the context of a shelf to its left (and at the foot of the cascade to lower prices from mid August through September), and even more so when a red point formed to its right. Now the jump looks like an image of it in a mirror.
The labels distinctive pattern and jump apply, and this is also a question. Doesn't the spike to $4.50 predict a future return to that price? What would happen if I tried to buy it, now, at $2, the real body high? I can answer that right now: I'd be worried. It doesn't justify a large order, but it could justify a small one. Will it return to $1 and then rally, or something like that ... and take it's time doing it ... or will it rally again immediately?
Let's look at the points in this chart. Early July, and again in early August, and these would have looked like components of a forming bottom, then. Points come with a warning. Another on the first of September, and one near mid September
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment