Thursday, September 18, 2014 3:18:56 PM
mmmmmm, I can almost taste those stale donuts now.... and the longer this bounces against 1 dollar, which you said wouldnt get retested.... the more stale the donuts will get.......
This one dollar wall now, it could hold support, but IF it fails here at 1 dollar....what kind of bearish selling momentum could we suddenly see.....we better hope Adam F doesnt do a bashing Tweet barf now folks....
The stair step resistance is 1.08 area, the support is the 1 dollar step. A pop to 1.06 and a drop, like getting a running start to jump through the 1 dollar zone...it would not be pretty to see PVCT close the week Below 1 dollar.
Its a tricky and spooky moment in price action now.
and I havent read Alan Ross latest commentary yet, but 'blockbuster' sounds like its very good info....why then...let me say that again...WHY Then, is price falling down today instead of being bullish and surging ahead...???
Doesnt 'connecting the dots ' have any influence? like the way Adam F has influence?
http://stockcharts.com/c-sc/sc?s=PVCT&p=W&yr=0&mn=10&dy=0&i=p14546322581&r=1411067599793
closer look
http://stockcharts.com/c-sc/sc?s=PVCT&p=D&yr=0&mn=3&dy=0&i=p92733574299&r=1411067810778
The rally from 81 cents to 1.20 shows 7 subwaves,and overbought indicators....the pullback has target at the 1 dollar zone but the bollinger bottom band at 93 is my target zone I anticipate.
This wave pattern could actually fall all the way back to 82 cents again. IF it doesnt hold near 1 dollar.
and especially IF Adam decides to time his professional Tweet at the right moment....which I expect he Will.
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