Let me think,let me respond...
You'd have to be more specific about which stocks youre talking about,regarding my chart work.
My analysis if IPIX hasn't wavered at all since Ive been studying the chart. I watched the giant surge from .67 to 1.08,and I plotted the Fibonacci retrace target zone in the 80's. I got pulled into the immediate bullish momentum fever of that moment, hich looked like it could run thru 1 dollar and head to higher targets, so I started buying IPIX,(reestablishing first positions,since I had sold all my CTIX ,at the right time last year), I started buying IPIX at 90 cents, which turned out to be way too high, as the price was bled down. The momentum was summarily destroyed and dissolved as we saw price continue down to where it wallows now,in the mid 60's. My analysis,is kind of simple about IPIX, and based on what everyone is saying about the science and the stage of company development,it's a 'buy and hold' investment m fo most folks, and for me too. I am watching the rally targets way up where the weekly 200ma is around 1.80, and the various shoulder resistance target points,and Fib targets are at 1.35-1.55-1.75 area, as trading stations to think about when the time comes to take some profit. I see the Technical resistance wall of doom waiting in the 80-95 cent area now, just waiting for any rally bounce that might happen now. I said the other day, that IF we see any kind of technical bounce, that is Not news driven, but just a bounce because buyers enter here at the mid 60's and the MM's allow a technical bounce, that IF it reaches that 80-87 resistance zone, it could get Crushed back down by sellers right there. But IF the rally comes ,(soon?) from a good news release, we could see a big surgeing blast that cuts right thru the 80's resistance ,and target the 1 dollar zone for starters. I don't see anything illogical about that scenario.
I see the current 'low zone' here at mid 60's as a "bottoming" area , only because it Has Been , the last 3 times. Could it fall into the 50's? I suppose it could, but I think it would only IF the MM's want to allow it.But whatever bottom is achieved, in the waiting period IPIX sits in.... is less important than what the news cycle will generate , as soon as news comes.
So all my latest charts are showing the same picture, whether its drawn from a 70 bottom or a 65 bottom, or a 60 cent bottom. the technical chart shows big resistance waiting like a mine field in the 80's and 90's.... when we do get the news release it better be good and the market better understand it in order to break thru this barrier.
That's about all I can say in this current pattern. The good rally targets ate way up above 1 dollar, in the 1.30-2.00 area.for this current small picture. a double from this 65 cent area is 1.35, right where the first good target zone is. the 200ma is around 1.80 currently.
I see what your suspicion is, you think because I'm overextended in my shares, I'm now trying to be bullish cheerleading...no that's not what I'm doing. My cheerleading is to counter act the idiot who drones on about how IPIX is doomed. The chart is being carefully controlled into a bottoming area by the MM's. and so far 70-60 looks like the zone. For a long while it was held in the 70's. The technical support zone for a bullish rally was way up in the 80's....so that rally pattern was broken down when it fell into the 70's, and now the 60's are a bottoming development. I cant say much else, nor do I, about the chart, other than it should be and needs to be, a News driven rally, when the time comes. and the price is being bled down until news comes.
Now if folks start talking about the failures and misgivings of the science being in serious doubt, and that IPIX is a very weak prospect, then my bias would have to start thinking cautiously towards doom,like the doom pumpers keep saying.
But I trust the good work of people like Karin, and others, who understand much more than I ever could. and as long as they remain positive, I wont worry that the price is bleeding down more, in the time that remains before the News.
I am as objective as I always have been.
