Welcome Pipi...
and thank you for your kind word.
The kind of chart work I do is pretty complex and I understand most folks wont get it even if I try to explain it. so I suppose the bashing hatred comes with that territory. I think I'll post most of my analysis here and just post the very basics at the IPIX forum. Feel free to visit anytime and post your comments .
tom
So what kind of follow thru do we have today. is it a day of rest?
Looks to me like a triangle/flag around 1.06 , right now, and might need to jump somewhere from here. My guess is 10 cents down to target 96.
but it could easily go 10 cents up to retest the top.
But one thing for sure, we did not see any giant surge up today like yesterday, so maybe that kind of euphoric manic surging is finished.
If it is,then I think the bias is set up for another plunge Down, to try and retest 90 cents, maybe slightly into the 80's. My gut has a feeling about 88 cents. (85-90-95 as a retrace target zone for the pullback. What would be the outrage at the forum ,if we see the SAME smash down in this rally that we got in the last 3 !!?!? wow. would they all be outraged to see the same old game being played , even after this better rally. Could the powers collapse this all the way back to 75 and 70 again ??? I cant imagine it....but, actually, the sad part is,I can. lets hope these games of manipulation are finally finished. I don't expect such a collapse again, but wall street is a corrupt game.
A normal Fib retrace shows the target zone around 90-95 area. 85 would be the extreme bargain low zone.
I haven't looked to see if any News came out today for IPIX, but my guess would have to say there was no news today and that's why we don't see any follow up surging today. IF news comes out tomorrow, maybe we will see the next blast up.
