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Re: bogblog post# 23040

Monday, 01/09/2017 7:45:09 PM

Monday, January 09, 2017 7:45:09 PM

Post# of 35791
Well I do like some of it in that if it experiences a shallow pull back after a strong run upwards. Happens like clock work on the forex markets both with the mini and major cycles but its open 24 hours a day and has its biggest movements when 3 out of the 5 largest financial markets are open at the same time around the world. Usually in 3s so you get 3 strong upward candles followed by 3 minor pull back candles totaling a total pull back of 38%-50% and then usually a continuation of a whole new wave or second starts and we could get a third wave that repeats. Penny stocks sometimes follow the same patterns. So if this does not retest and break the 0.025 mark here in the next 2 days then it was wrong and there is no second wave yet. I still think it will move up. It has to be a stage 2 or 4 depending on whether its increasing or decreasing. Professionals usually buy on the second wave and they use the first wave as confirmation of an uptrend or downtrend knowing that these moves tend to experience 2-4 waves total over 5-6 days each wave.

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