InvestorsHub Logo
Followers 28
Posts 834
Boards Moderated 0
Alias Born 01/13/2014

Re: GrandAdmiralThrawn post# 47599

Tuesday, 03/17/2015 12:22:44 PM

Tuesday, March 17, 2015 12:22:44 PM

Post# of 88573
Limitx21, This pull back has NOTHING to do with the news and was predicted to happen yesterday, before the news came out. I will try to explain why. The 5's were a psychological value point in the last upswing. Many were seeing that as a pivot point for support and resistance. The fact was that there was a gap created between the 3's and the 5's on this up trend. That gap needed filling. So, where better to initiate it except for the low 5's?
That is all that is happening. No worries, as this is a good thing because it creates a strong floor in this area. It will only last a day or two and then we'll see the 5's taken out pretty quick and be in the 6's. All gaps filled and extremely strong support for new highs very soon. My guess is about 10 or so trading days on the new highs and then up from there to a penny. All JMO of course. GLTA