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Re: 123tom post# 16979

Thursday, 09/03/2015 5:17:59 PM

Thursday, September 03, 2015 5:17:59 PM

Post# of 459554

imho...I'm not making "predictions"

I'm just describing the price action as it runs along the technical train tracks.from station to station.



Fair enough. I personally think that technical analysis works in an environment full of technical analysts. Sort of self fulfilling. In the absence of news or low volume, it is a useful tool to get in at a better price. There is considerable risk, however, if you are bullish and want to get in for the long term on something with this kind of reward potential. We are a long way from reaping this reward and it is not a slam dunk.

Even so, describing price action, as you call it, with so much "range" looks rather silly. Most of us are aware of the possibilities in stock price based on imminent news. But hey, go for it.

IMHO
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