itzallrigged....I appreciate your comments and your thoughts are worth paying attention to .
I hope to hear more comments from you. dont be shy.
Another day in a tight stair step zone here, around 86-88...and not much to examine, except maybe one little thing, that looks like a small clue. like a cigarette butt, thrown out the window ,waiting for a breeze to trigger a flame.
Did price end on a big uptick to close at the high, 88 today? last I looked it did.
I cant say this Will Happen tomorrow, but if it does , then this 'clue' could prove a good catch.
Here from the 86 cent 'bottom' appearing to hold, and a momentum move that looks like it wants to go higher now, closes at the high, ready to "pop" tomorrow morning in a continuation of the late day buying.
IF the short attackers want to try a small game at this price zone, we could see it happen tomorrow, with that 'pop' to lets say, 92 cents, 94 cents, followed there by the whipsaw slam down. I described the idea in a previous post, but seeing today close at the high, gives me that funny feeling.... a warning to watch carefully tomorrows open, and not to chase after it if it pops. watch and see if it gets hammered down there. what could be the next suckers move.
the stair steps above, at 90, 94-95, 1 dollar-1.05-1.09 area, are all Resistance steps. Any of them could be the place where the evil villains decide to attack.
I could be wrong here, about the close at the days high being a warning, but its possible. If I was going to game the next trick and set it up, this is how I would try and do it.
I see no reason to chase price and buy at 92. If I had wanted to buy in this stair step zone I would have bought at 85 and 86 cent area and be happy with it. why buy at 92, as if its going to rush to the moon tomorrow.
IF I was AF or some other captain of the short attackers, I wouldnt be trying to set up the next attack here, at 95, just so I can take price down to 75...thats not a great days pay.
I would wait for a while, to see PVCT make a steady move up to retarget the greater top zones around 1.25-1.45 and from there, I would Tweet and vomit and poop my brains out on seeking alpha and barf and scream how its time to attack PVCT again....and see if I can get price to fall from 1.30 down to 80 cents. Thats a better pay day.
so maybe we will see some technical trading play around here below 1 dollar. without fear, thats a guess as well, cause anything can happen. The 50 moving average is now fallen to 1.25 area....that a key resistance point. Maybe that will become the next attack zone. so if the logical thought process here comes to completion, maybe we will see this 85 cent bottom hold , and a small rally pops thru 1 dollar in coming days and gathers momentum, where precisely at 1.24, Adam will make his next attack, and that will be the play to watch for.
I dont think I want to sell at 1.25 when the 50 ma gets hit. but it could mean the chart takes a wider range zone after that, with price retesting 1 dollar, falling to 80 cents, zig zagging around 1 dollar, retesting 1.25 and falling back to 1 dollar....for a while, as the phase 3 work makes for a quiet time. but the price waves go up and down in larger wave structures.....like back some months when price was in that zone, from 1.70-2.40, back and forth. we could see the same idea, from 80-1.25... this time.
So imagining this kind of chart picture ahead of time, allows me to understand it if it happens, playing out like this, recognizable better,if it happens.
The mistake in vision, would be to see a pop happen now, a rally up to 1.25 area, and to proclaim the price is going to the moon and get all excited like a sheeple. That would be a mistake. and to start buying at 1 dollar and 1.20 would be a bad gamble. I expect to see price rally to 1.25 area ok. maybe starting now,as 85 cents holds...or maybe later , but that zone around 1.25-1.45 is now big resistance...and its where the spiders nest awaits.
(from the local library, I bid y'all a g.nite....the guy at the computer next to me has a terrible head cold, sneezing and coughing, and there 3 others near by coughing and sneezing.
If I dont die from this library, I will see you again soon. happy trails. )
