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Re: johnhancoque post# 412870

Saturday, 07/22/2023 9:12:06 PM

Saturday, July 22, 2023 9:12:06 PM

Post# of 424640
here's the proof:

Tuesday 6/27
Time for a rally to 1.30.

the chart below shows the numerous times (green arrows) during the past year when the price dipped and bounced off the 1.11 support, leading to a rally to 1.30 or higher.
Each time the impulse changed from red to blue and then green - indicating a short term reversal.



Tuesday 7/18 before the market open:

Gap open today... followed by a slump back to 1.25.

The general market is extended and my indicators show a fertile environment for upthrusts (false upside breakouts) that fail and get heavily shorted. If you are thinking about reducing exposure, this is a great opportunity to sell some shares into strength.



What part of "my indicators show a fertile environment for upthrusts" did you not understand? There in fact wasn't a BO announced because the rally was a technically suspicious pullup to falling resistance and the likely response would be a false breakout. It unfolded exactly as predicted. I didn't spin any narrative after the fact... you did!
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