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Re: time trader post# 14907

Thursday, 11/20/2014 7:59:15 AM

Thursday, November 20, 2014 7:59:15 AM

Post# of 46101
If you look at volume during the runup vs volume during the retrace... it's not all THAT different. A bit more on the upside, but very substantial volume on the retrace. Statistically (fibonacci), the retrace has unraveled way too much of the runup which means the odds of continuation are lower. It's also been going down for almost a month. Looks to me like a fizzled PR strategy aimed at generating a big runup. The failure to deliver on timelines promised, AS USUAL, is one reason the whole runup has evaporated.

We'll see about the roof tiles. You keep missing the point that there have been many, many, many other BIG initiatives, projects, projections and END STAGE testing & specifications over the years. What happened to all of those? Some of which were painted as on the cusp of completion, basically imminent closure, and were never heard about again.

Is this time different? History says NO. But it's always possible, so we'll see.