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Well said
I want to point out that this AM, the pro traders who make their nickle off of this category of stock took it PRECISELY down.
I got "lucky" a few years ago and got focused on the usage of Fib lines (.382, .618, and so forth) retraces by pro traders worldwide. And all I want people to notice about what happened this AM is that you can draw a Fib splay starting at the low on 11/12 and capping out on the high of the 14th, and the pullback this AM penetrated but failed to hold...
Wait for it.....
Wait for it.....
The pullback was aimed right at the 618 retrace of the above Fib layout (12th low to 14th high).
Talk about the pro trading desks leaving their fingerprints all over this morning's action,, LOL.
I conclude when I see that kind of precision is that:
A.) Somebody is using Fib lines on the recent move's range to govern their buy points
B.) Somebody (proly the same somebody as is found doing "A", above), vwants to spook the less experienced into perceiving that there is no reason to hold onto shares...
IE, somebody wants shares and is using the trade points defined by the Fib layout to "spook" the less experienced into letting them obtain shares at a price that is cheaper that they could have obtained them yesterday and the day before, when we were in the midst of a move.
I used to watch myself panic when today's type of spook-move happened, letting myself get stampeeded regularly and I all too often traded out at the lowest point, LOL.
Then I "found" the Fib line thingy and it gave me a solid reason to hold on to a little stock when the professionals did something like they did this AM.
Just my experience wading ito the blog thread hre. Hope it helps.
Imperial Whazoo
What is the date for the financials? Anyone got it pegged predictably? What date are we looking for?
Imperial Whazoo
Thank you for a fine and HONEST recollection of the event. Boy do I get weary of less than accurate threads. Like you point out: how can anyone actually expect the guy to stand behind a promise he didn't even make?
Well done & thanx.
:o)
Imperial Whazoo
It needs to be understood that, from a maximation/efficiency point of view, the problem management faces is to create a workflow that uses the three machines to maximum levels of efficiency.
Now, if they have to clean the carbon out of every machine periodically, then they have to shut each one down on some kind of schedule. (BTW... I realize thatr this is only going to be the case until the modification to enable continuous cleaning get invented AND implemented).
A workflow is an equation made up of variables in formulas. By definition, variables change.
Time is a complex variable in a workflow. To maximize profits from every machine, there needs to be a workflow defined that minimizes downtime and maximizes uptime.
Exactly. Thats what I was refering to in my comment that noted something of interest found in Note 5, on page 11.
And regarding the construction of the machines for RKT, I asked that question in a call I made to IR recently. They will assemble PARTLY at Niagara and ship modularly to the RKT site for final assembly, according to IR.
Imperial Whazoo
Yeah, I just finished reading it carefully and I, for one, am very happy I made a decision to add shares this week. I mean, unlike before, this report is unrelentingly positive. Where there was an air of danger about some prior releases, its simply not present any more.
They are open about the status of the machines, the cash flow issues during the quarter, settlement and victory status in the lawsuit arena, and they hid a little gem in the "under construction numbers". Check out (and think thru) the doubling of the "under construction" item on page 11.
They openly report that they are producing fuel and selling it. That machine # 1 is reassembled and is being started up, with its use soon to commence. That #2 is a going ginny.
They hide nothing about the arrival of parts for machine #3 and its status. They are open about the projection that they will be cash flow positive Q1 2013, exactly as they have previously stated. RKT is fully on board.
And so on.
If there is any complaint, its that they did not say anything to list the exact contracts they have and whether they are making any steps forward about the railroad spur.
And they said several times that they are now in a transition mode from R&D mode to commercial production mode. And also, lest anyone ever agin compail about not getting a heads up every time a machine goes on line, they clearly tell us not to expect that level of micro-management and progress reporting. Simple as that.
And I was actually quite pleasantly surprised by the minimum amount of share issuance they have had to engage in. I mean... I'm a penny player from a long way back and beleive me when I tell folks that this is not a hugely diluted company. Given the degree of progress apparent from this quarterly, I am not even remotely displeased with what is on the horizon.
Very nice, baby. Very nice indeed, IMHO.
Imperial Whazoo
Man oh man.... isn't this over the top attempt to take this down at EOD a piece of work? I seriously doubt that anything that has stalled (as has the down atttempt) this way will have legs in the next few days. Even so, itsa a peice of work to observe this attempted shark attack, LOL.
Imperial Whazoo
How true! The buying in huge blocks at the ask is quite impresive.2:22 PM central.... 100K @ .025
625K @ .025.... 150K @..025!!!
I'd say that the ASK is no barrier to building a position of considerable size for somebody out there, LOL.
Imperial Whazoo
Yeah, well, not so much, LOL because I made a typo.
Here is what I inadvertantly said followed by what I intended to have said:
"to get only 100% placer claims in place, and to get as many of them as possible.
Instead of the paltry and sometimes miniscule percentages that were involved in the situation at the point where the deal between PQ & the Chinese was cut, we now have a uniform situation which involves places claims, greater numbers of claims, greater amounts of acerage, and 100% ownerships."
Should have been:
geomine -
Its no rumor, just an argument (on one level) over terminology. Fact is that Kinross operated an open pit mine on the next mountain over of the three mountins in a row up there. WEM was not operated actively, but a Chinese group loaned money that is the subject of the argument over terminology.
When the default on the loan happened and the Chinese bankers ended up with it back in their lap, Quilliam stepped up and the story we are a part of began in earnest.
Sure the BLM "owns" the bulk of the property up there. But lets be clear: Quilliam owns via claims: Lode claims, to be precise.
And here's the important detail about this "terminaology". When PQ entered the picture to set up the company around the "ownership" that had come back into the laps of the Chinese group, the claims were placer claims on the top of the mountain and they were not for 100% of the interest involved.
This is important: he was looking at placer claims at the outset & these were not for 100% in the whole of them. This has now changed to 100% lode claims and this major & meaningful difference is due to Pierre Quilliam's systematic execution of an obvious business plan.
Go back to the beginning and step thru the events represented by the filings. Read forward to recent SEC filings and take a gander at the status of the claims now compared to then. What PQ has systematically been doing, while suffering vilification bigtime, is he has systematically:
A.) expanded the acerage covered by his claims
B.) changed the type of claim uniformly into lode claims rather than placer claims
C.) "bought" as much interest as he could, which just so happens to be uniformly 100% today. Obvious to me is the outline of a deliberate business plan, LOL: to get only 100% placer claims in place, and to get as many of them as possible.
Instead of the paltry and sometimes miniscule percentages that were involved in the situation at the point where the deal between PQ & the Chinese was cut, we now have a uniform situation which involves places claims, greater numbers of claims, greater amounts of acerage, and 100% ownerships.
So, rather than declaring the thing a rumor, I think it would serve all of us much better to go spend about 6 hours reading the progression of filings.
If this is done by folks, they will see that it is as I'm now informing everyone on the board regarding.
I can't help but ask what seems to me to be a kind of "pregnant" question, given your link, which I clicked on and looked at to try to grasp its rrelevance. I mean... its obviously relevant, so I'm not saying it is (so don't asnyone misunderstand me to be saying it is not relevant, LOL).
BTW: thanks for the link. It is a nice thing to point out, but my question is this:
Has Microsoft already integrated MIMV technology into what they showed in the preview the link refers to?
I mean, thats my "pregnant" question: are we as of this moment already seeing the integration of the MIMV stuff, or is what we are looking at the state of the thing prior to the entrance of MIMV into the picture?
thats what I wondered as I perused the link. What is the integration (or not) level that we see in what they are presently previewing? Is MIMV in it already or is MIMV to be built into it from here on out?
TIA, anyone with an answer to this.
Imperial Whazoo
Tres bien. One guy said www.pennystockalerts.com. Whats the other he does this on? TIA
BTW: off topic - what is a good working list of these guys who influence parabolic moves by their "opinionating"? I'm considering the need for a blog here on iHub, I think, that conglomerfates them into a centarl locus. So, anyone want to fill in the list by weighing in on which oones are the influential ones?
TIA
Yeah, I have charting... duh. But who is "psycho" as refered to in the prior post? Is some regularly followed person called "psycho" in some circles? Or maybe some handle for a well followed news letter writer.
So, who is psycho, as mentioned in the post I first asked about?
TIA
Imperial Whazoo
Who is psycho?
TIA
Imperial Whazoo
Excellent!
And listen up, whoever the "eyes-on" person is.... If you are the eyes on guy and you monitor this board, please take some timestamped digital photos.
We all will really really really benefit any digital photos we get to see. I'm in Texas and I depend on all you northerners. Photos, people. Photos!!
Imperial Whazoo
Yep. you are right in that assessment. The news today was stupendous. Well done. I like the specificity of tagging it with a Nov 1, 2012 timestamp. Well done. To have dared to have done such a thing as regards timestamping it that way, they have to be rather confident.
All said, the PR today is not at all like all the muddled affairs that have been the norm in the past. this one is timeline specific and not even remotely ambiguous. In fact, unlike the norm of past PRs, there is not much of a way, beyond outright distortion, to identify gaps and missing things in the wording of the PR. this one is tight as a drum, IMHO.
I like it.
Imperial Whazoo
Whats a MOASS play?
TIA
Imperial Whazoo
Now that was helpful, man. Thanx very much.
For cynical reasons (LOL at myself) I presumed getting info from the University would be difficult but by your helpfulness, I'm proven a sorry cynic, LOL.
Looks like the news of this new progress and the marketability are legitimate.
Thanks very much.
And proof is in the pudding. No more than a handfull of moments had passed after your help got posted and the price failure that was gradualism in spades reversed itself and buying power reappeared.
Thanx for that.
Imperial Whazoo
We'll have to twiddle our thumbs while the patent office database registers the filing. They are a tad tardy, LOL.
My thought is on the proper contact at the U of C Santa Barbara. Anyone got an angle on them? Who would know over there? I doubt that getting through to the right department and professor is a simple matter.
Anyone got an idea on the right approach to take to verify it over at the university?
Imperial Whazoo
What has happened here is that a tiny company has partnered with a well known university to file a patent application for a bit of technological progress that has a market that is larger than the immediate business plan of the tiny company.
Here is the wording of the news:
OK, so NOW that its not falling like a lead anvil, you're telling us that the timeframe for failure is not the immediate hour we are in, but now you are saying its a day-long timeframe? Right?
To have taken to heart the tone, tenor & content of the prior opinion I took you to be asserting, this thing was already in crater mode, but that seems to be contradicted by the fact that it seems to have gotten legs under it and to have caught itself rather than to have cratered bigtime.
What happened in the time between when I read that this was failure looking to happen immediately, and the obvious support the chart presently depicts? What happened?
Why? Why did bid support step in? Did people pause and ask the obvious question:
Yeah, sure. Do it then. Short it by hitting the bid repeatedly. Take the chance that you are right and see if there are buyers who think the patent filing is real.
Real filing, man. Real. And the price jump it experienced on that news is neither misplaced nor disproportionate.
But you are free to slam the bid and to see for yourself whether there are buyers willing to do the dance at these prices and on this GOOD patent news.
Imperial Whazoo
I think its got run in it. Look at it on the 3 minute or 10 minute chart. It just did a long tailed hammer & rejected the down attempt. It held when it came down & it did not run on huge downside momo. I threw my hat into the ring on it. It did not route me. I think the support might have undone the deliberate plans of the short artists. If they intend to route the thing, I think they misplayed their hand because it failed to get decimated.
Imperial Whazoo
Anyone got any idea what the rumored huge deal is?
Imperial Whazoo
There is no volume down here.
And also, the 786 Fib retrace is .2957 m/l, which just so happens to be the place we retraced to; close enough for government work, as they say.
I personally hate to see it do a 786 because that pretty much means we have a sideways consolidation set in concrete, IMHO. I was thinking we had a rare sighting of a Gartley.
Now we wait on news. And watch the action on the bid & ask to see when accumulators begin tho make stealthy nibbles. IMHO, we basically have to resign ourselves to a siideways pattern until the next news.
In that there is a fixed date on the upcoming product release, I'd say that we are not looking at a black hole here. It will actually be a buying event once we see a sign of strength in the chart.
I'm watching to see if there is evidence of buyers appearing & I am looking for a hammer or some other chart pattern, accompanied by volume, that tells me a real bottom has been put in.
Till then, if there is neither buying nor selling interest, we basically wait. If you guess right, you can time the buy because, as I noted, we have a known timeline for news coming down the pike.
But if you time it wrong, you have dead money for a couple of weeks, max.
I think that is what people are doing.
Smart money will nbble at it an accumulate. Impatient money bail at or near these lows.
What makes a bailout here a dumb decision, IMHO, is that we only have a couple of weeks max to sit on the thing, and thus you are better off, IMHO, being in it and being sure you have a good price basis for when it moves up. Otherwise, when the known upcoming event begins, you just might find yourself chasing.
A Gartley is a rarity & I was really hoping to get to trade one. I'd hoped we had seen a rare sighting, LOL.
All IMHO, of course.
Imperial Whazoo
Thats the way I see it.
Look, you gotta run the numbers on the thing. We will not see a degradation of the VMA lines at all under an environment of this kind. If there were a huge volume crash, the VMA would decline. If not, then we basically see the 20, the 50, the 100, the 200.... all of them are simply moving sideways.
And if you link to the investopedia link I gave last night, go down to the panels on their site where you see that there are articles in investopedia about gartley butterflies. In them, there are graphics that depict examples of the exact behaviour we are seeing right now in this stock.
Just click on some of these example charts and you will see the eventual ascent to the Fib 127% expansion, and the fact is that the price of the 127% expansion is approx .86.
So unless we see a huge volume event, every single VMA is going to cruise sideways. If this does a gradual price climb like the grapics in the investopedia article depict, then the roughly horizontal VMA lines will remain roughly horizontal and we will see the daily line eventually get to the VMA's.
So, apart from another volume event, I don't see that there will be anything noteworthy about the VMA's.
And since this is certain to be the case, (due to the fact that math is math, which means that these VMAs will need considerable volume for them to change direction)....
....that is why I say the Fibs are what matter. Until this stock has history to chart, older techniques like MA crosses will be of little value.
And that self evidently states that the only reliable basis for deriving info about support & resistance level remains the Fibs (for this particular stock}.
Simple logic.
Imperial Whazoo
Subject: as regards MIMV (low volume until the recent days):
Correct use of moving averages matters.
Suppose we are looking at IBM. OK... so they have a history of meaningful volume so use things like the 50 MA & the 200 MA.
But we have a stock where there is no meaningful volume until late in the month of September, at which time HUGE volume kicked in.
So, to properly take into consideration the meaningfulness of the historical absence of volume, if someone is going to employ 50 day and 200 day MAs, I say it is obvious that the MAs need to be VOLUME WEIGHTED.
Absolute truth, IMHO!
Which came first the chicken or the egg? Or, applied to a stock, is this chart the reflection or the prediction?
The chart geometry is a slam dunk and now we see insiders loading to the gills.
This is a nice setup.
:o)
Imperial Whazoo
Oh and I just had one more thought on the subject.
There is a support line you can draw on the chart
MIMV never had any volume except for three days back in July 2012. The HOD of 7/13/12 was .305.
OK, so to see a support line, take a line drawing tool and connect the HOD from the 7/13 day and connect it to the HOD of the high that happened two days before we went thru the roof.
That day was 9/21 and the HOD of that day was .34, so your support line runs from 7/13 (.305) to 9/21 (.34)
Its an upward sloping support line and guess where it connects to our present chart?
10/8 thru 10/10 (today).
As a matter of fact, the tail of the hammer that formed on Monday (9/8) touched it almost spot on (.355)
And yesterday it tried to take the support line out, but rejected taking it out, so sure as shooting: the support served as support.
Same thing today.
The attempt today went all the way to the 786 but it failed there AND it also climbed back up thru the support line and again, rejected taking out the support line.
The upward slanting support line held again!
So I'd say we have a support line in a traditional sense and that line is an upwards sloping line that held the last 3 days.
Pretty clear, if you ask me.
So, IMHO, even if we have a sideways consolidation from here, we will not be seeing support taken out. On top of which. if we do see a consolidation, due to the slope of the support line. I think a sideways consolidation will have an upward bias.
Oh.... and now we have a Garley set up.
And the rule of thumb is "If they can't take it down, they will take it up!"
The MMs make money by the flow of trading. Volume has dried up here and the 618 has held, as has the 786. And there is a major support line that has held multiple tests too.
So I see this going back up rather than doing a prolonged sideways dance.
Thats how I see it, and that is why.
Imperial Whazoo
Actually, the particular geometry we are seeing is called a Gartley pattern. In particular, a Bullish Gartley.
To confirm that I'm onto something, look here:
http://www.investopedia.com/terms/g/gartley.asp#axzz28vvOLZ8O
And if people have a problem with this link, just go to http://www.investopedia.com and search for "Gartley"
For easy comprehension, you will see a graphic that is helpful.
So, the basics are pretty simple:
X-A is up.
A-B is a retrace to the 618
B-C is back up to the 382
C-D is back down to the 786
After the pattern completes (ie. complete being defined as having done the above and finished out at the 786), then the up leg in earnest will follow to the 1.27 upside point.
So, lets map this pattern vs. MIMV, OK?
X-A .182 to .717 (Sept 25 & 26).
A-B retrace to the 618: .717 to .391 (Sept 26 to 28)
B-C up to the 382: .391 to .584 (Sept 28 to Oct 3)
C-D back to the 786: .584 to .311 (Oct 3 to today)
And where is the 1.27% expansion on the MIMV chart?
The 1.27% expansion is at approx .86
Hello Betty!! I like that!!
OK, more on the Gartley.
Its also called a Gartley Butterfly & its a reliable pattern.
The Bullish Gartley Butterfly completes at the 786, which is what you asked about: the .311 today.
Thats why today was important. Yesterday and the last 3 days, it hesitated near the 618. IMHO, had it never punched thru and done what it did today, we could be looking at a sideways consolidation from here, but due to the LOD of .311 long candle wick that happened today, it took out the 618, tested the 786, rejected it, and closed back at the 618.
And it just so happens that, to do a Gartley, it had to have done all of that work. LOL.
And it does not hurt at all that the long hammer candle wick today is a hammer at the 618!
I mean... what a setup!
The amazing clarity of this pattern is very reliable.
Now nothing in charting is guaranteed, but this thing has done what I thought it would do from the gitgo.
My basic idea about MIMV was that it came out of basic "nowheresville" because it never traded any volume to amount to much historically. Thus, the only geometry that could apply was the Fib lines.
So, I took a stancew that this news about MSFT was big enough to draw professional traders to be interested, but lacking history, we needed to postulate that they would trade the Fib lins.
And thats just exactly what has happened.
And that is exactly what we are watching, IMHO.
And IMHO, the tail of today having touched the 786 (almost exactly) is a textbook example of a Gartley playing out right in front of us.
So, I think that, eventually, there will be enough geometry here to allow the lookback process of support & resistance to get a grip on this chart, but at present the geometry is Fib centric, IMHO.
And now, we are looking at a Gartley, IMHO.
Thats my take, man.
We may see a sideways consolidation for a while, but that still does not cause the geometry of a Bullish Gartley to get broken. Until I see evidence that is predictive of a breakdown of this pattern, I will continue to hold that we will soon see at least the 1.27 expansion.
Thats my analysis at present.
Hope this helps.
:o)
Imperial Whazoo
Its a hammer candle at the 618 retrace line of the move from .182 to .717.
Plain as the nose on my face.
:o)
The professional are reduced to having to us Fibs to trade this puppy.
And if that SEC filing is Warrants and options (every indication is that this is the case based on the 3 check boxes they chose in item 9 of the filing), then there will be money put into the stock and the threat of dilution is ameliorated. Thats why I made the specific point of noting that, unlike what was initially said about the filing when it was noticed early today, the filing is NOT just common shares.
Imperial Whazoo
It is like this:
The last 2 days, EOD (End of Day), the price has flirted with the 1 dollar mark.
OK..... lets assume somebody does not want this to rise. So, if there is a small trading volume, and thus, obviously, very little pressure to move this up, it stands to reason that by putting out there the clear 50,000 on the ASK, the message is that there is going to have to be a lot more pressure than has generally been the case around here or this thing is going to close below the $1.00 mark.
At all costs, it appears to me, whoever does not want this to go up is capping the possibility of a rise to retest the mark that was touched the last 2 days.
Bear in mind that, when you see the more usually seen 5000 (not 50,000) on the ask, it does not mean that NITE (or whoever) is not sitting there with 50,000 to offer for sale. All they are doing when they show 5000 on the ASK is they are keeping the real size from open view.
The same could be implied by putting 50,000 out there for public viewing.
for all anyone except NITE knows, there could be 500,000 they have they could put at this price.
In any event, the very fact they are choosing to show that they have at least 50,000 is them telling everyone that they are prepared to try to cap any attempt to go back up and retest the highs from the last two days.
Hope that helps.
Imperial Whazoo
This is basically like a restraining order. We all see TV & movies where some guy.... an ex-boy friend or a black-widdow type of gal..... has a retraining order slapped on them where they are told to keep away from someone else.
Its a common theme. First, the court imposes a non-financial, non-criminal set of restraints.
Then, if these get violated, the next phase ups the penalties and various punishments get put into the mix.
So, analagously, there is a set of people who are restrained by some rather precise restraints as a result of JB and JBII raising the ante on their defamers by taking them into court.
Now, is the argument a legitimate argument; that the events that happened to the defendants are not a big deal simply because there are neither criminal not financial elements found in the judge's words?
I don't think so.
The idea is a stage is set to levy harder punishments if the "restraints" are violated in the future, jusst like what happens when a court decided to start down the road of employing a restraining order.
And lets all be clear about who got slapped with restraints: the defendants.
The court did not put out even a single word that retrains JB or JBII as a result of their having taken this to a court for a ruling.
There was a ruling & it was 100% AGAINST the defendants and not at all a negative in any way, form, fashion, or manner as regards JB or JBII.
Imperial Whazoo
Well, IMHO, if it takes only two investors willing to step up for that kind of money, it follows that they took a look and decided it was well worth the risk of this being a small company.
And I read the filing too.
I need to point out that, to be precise, this filing is for "Security to be acquired Upon Exercise of Option, Warrant or Other Right to Aquire Security", "Equity", and "Option, Warrant or Other Right to Acquire Another Security".
Three checked boxes under item 9 on the form, to be precise.... not just common.
I'm making the point to underline that, unlike you statement that this issuance is for common shares, it needs to be categorized employing the actual language, which does not say that the issuance is for common shares alone.
I will do some DD and let everybody know whether these are existing Warrants and/or Options or whether this is rew Warrants and/or Options.
More on lhat l8r, unless the record of filings is examined by someone else in the mean time and the actual facts posted.
Just want it kept as precise as possible.
Imperial Whazoo
There is no "FAILED DEFAMATION LAWSUIT" even in existence. The two possibilities are:
A) a "FAILED DEFAMATION LAWSUIT" exists as a recent event
B) A "SUCCESSFUL DEFAMATION LAWSUIT" exists as a recent event
A "SUCCESSFUL DEFAMATION LAWSUIT" is the only actual event that exists.
As a rule of thumb as regards reality itself, its not possible for an event that did not happen and does not exist to have any impact. If non-existent events could have an impact on me, for example, then I could be hurt today by a fall down a flight of stairs by me that does not happen, LOL.
In that there is no "FAILED DEFAMATION" lawsuit in the realm of real events that recently happened, it stands to reason than there is no damage to JB or to JBII.
It takes a real event to have an impact, so because no "FAILED DEFAMATION LAWSUIT" exists at all, there can be no impact resulting therefrom.
:o)
A "SUCCESSFUL: DEFAMATION LAWSUIT" event did happen, so it follows that the only possible impact that can be at play in the realm of reality is going to be positive as regards JBII.
It is impossible for an event that does not even exist to have a negative impact.
Imperial Whazoo
Obvious victory for JB & JBII.
JBII & JB get their back up due to a lengthy pattern of things that they felt defamed the company & JB. So they do something LEGALLY to put an end to the behaviour.
The Judge took a look and he could have said "Lookit Mr B... You need to step up and grant the legitimacy of what you say are defamatory criticisms. I looked at the evidence and it does not look like its all that far removed from being accurate ."
Did he take that route?
Not hardly, LOL.
He chose, instead, to rule 100% against the people that the case alleged were defaming on a repeat basis and he says, for all intents and purposes:
"Lookit.... you guys are going to no longer have the ordinary rights you have as ordinary people in this country. You have had a person and a company bring you before me to take a look at a complaint against you and guess what? I looked and I decided that, the guys complaining of being defamed are the correct party. I am not going to direct even a single word of critisicm in their direction. I am not going to restrict or constrain them as regards this matter in any way, form, fashion, or manner. In fact, of the two parties I have before me, I am coming down only on the defendants."
Given that this is ACTUALLY what a court said about the matter, there is no way on the face of planet Earth that this can be said to be anything other than a victory for JBII & JB.
Not even close to being a victory for the defendants.
JBII & JB won.
JBII & JB won.
Ha ha ha ha ha, HA!!!
Imperial Whazoo
It did a hammer candle on low volume yesterday and it closed yesterday at the 618 pullback. Today it all but broke thru the tail portion of the hammer but it closed just inside it. I don't like a hammer that is followed by a long red candle, but this red candle was not a close on the lows. In fact, the wicks on the top & bottom are about the same, so its not that it closed on the low or anything like that (which is good).
I was watching the action at the end and I think I had a sell entered just in case it took out the tail on volume at the EOD, but it didn't, so I never pulled the trigger.
Imperial Whazoo
Yeah, I figured that was going on but the references that were made to the two recent "victories" deserved an explanation, so I asked to be filled in.
BTW... two nice and decent people filled me in elsewhere. Thanx 2 those two.
Imperial Whazoo
I told everyone that the professional trading desks who have a person assigned to this stock had to be employing Fibs to trade by because there was too little historical volume to let them trade using past support & resistance levels...
...and if you will look at today's candle, I think the point is proven to the T.
Put a low point at .182 and a high at .717 and draw out a Fib splay with .382, .50, .618 & .786 on it.
You get this:
.382 = .50 m/l
.50 = .45 m/l
.618 = .386 m/l
.786 = .295 m/l
Next, put up a daily chart.
What we have here today is a classic "hammer" candle with the wick showing that it crossed down thru the 618 level and then came back up to close just above it @ .41
I mean, people.... this is a picture perfect example of doing a retrace to the 618 and then, the day being a hammer.
And as all Japanese candlestick players know perfectly well: a hammer is the candle that "hammers" out a bottom.
I like this formation and I do not expect the 618 to fail. We amy go sideways from here, waiting on an "event" to add momo to the upside, but I seriously doubt that the hammer is a head fake.
Nice looking chart, if you want my opinion.
Look back a week or two down the road and I am certain that thisammer at the 618 will be a bottom to this preset wave.
Peae.
Imperial Whazoo
The Kidd case is the second one you refer to. What is the first and what was it's date (as you point out, in thre recent week or so... more specificallyL what was it and when?)
TIA
Imperial Whazoo