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Saturday, November 15, 2014 10:13:45 PM
The One Year Chart here shows that IJJP has not been above 7's in the past year except just this past week when hitting 15's and closing at 13's on Friday.
One Year Chart / http://stockcharts.com/h-sc/ui?s=IJJP&p=D&yr=1&mn=0&dy=0&id=p22719844414
Seeing this can be read in many ways, and one way is that new major support has shifted from 3's to 7's now ... and with it hitting 13's only for the first time over the past year ... the likelihood there is a retracement during the current runup is quite probable ...(though it could just keep moving up Monday without a retracement ... or of course, the opposite, it could crash, yet that does not seem too probable in the near future, though it could very well happen further on).
I am watching for a possible pullback to the 7's at the new support where I will buy in more shares, adding to my position of a few million at 4's ...if it goes there, or even just to the 8's or 9's. It seems to me its probable that it will, yet that is only a speculative opinion.
Then, hopefully, it will continue on the upward trend it is on at the moment and reach at least into the Dub Zero 2's and further on up.
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