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Re: None

Wednesday, 12/06/2017 10:12:36 PM

Wednesday, December 06, 2017 10:12:36 PM

Post# of 33246
After today's volume, selling in the morning but better than average buys in the afternoon, IMO we're close. I know a lot of you say "but what's the catalyst?" If I had $100 for every run that ran on nothing I would be sailing the world on a Yacht. You don't need a material event for a run. They can come from anywhere behind the curtain and you'd never see it until it was too late unless of course you were and have been analyzing everything with a microscope. Let's not forget what started this whole thing off to begin with and anyone that's been here long enough has heard me say this many times when it was falling from the very first run. "This ran on NO NEWS and 40 million in volume. Why?" Lol.

The chart literally speaks for itself. Do I really need to say anything? New board member, this is for you.

RSI at 53.11 is perfect. Plenty of room to go.

Red arrows - You'll see they hit PSAR. The first was a head fake. IMO this one is too.

Look at that beautiful long wicked hammer from today that fits perfectly to top and bottom of the ascending triangle which seems to have lifted off from the original trend. You can see the same thing occurring in the first triangle. The second triangle is a near copy of the first, candle and price movement wise, just a heck of a lot bigger.

We can trend within the triangle for another 5 to 6 days or we can smash through tomorrow hitting PSAR on the way up. It can be done in 1 day. One way or the other something is going to give soon.

The 20ma has leveled off but it's a fast indicator and can change quickly up or down.

Highest volume in two weeks! One more time. Lol. Highest volume in two weeks. I believe it will be higher tomorrow.

MACD - Is in the perfect position at +.001 and the top signal has not crossed over. It's flat lined.

CMF - I'm not even going to go there. Lol.

Bottom line. Everything says this is building up to move and this is only the daily without the big guns like the cup with handle (not shown) and the major downtrend break. Then there's the weekly and you all know what I think about that one.

It's coming. I just can't see this breaking down out of the triangle. GLTA.

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