Took me a minute to decipher that, LOL!!
I assume you are asking if I will be running for the exits. I figure that the smart play for small money (i.e. retail) is either (1) get out just before the merger (and give up the $2 dividend) or (2)stay for the long haul.
At one time $2 sounded like a thing. Now, not so much.
If you look at this chart since the middle of August, it is a RARE BIRD.
It is not a descending triangle.
It is not an ascending triangle.
It is not symmetrical triangle.
It is a widening triangle. Yes, cup and handle. Yes, breakout. Yes, flag. But this seems odd to me after looking at charts for 30 years.
Lower lows - 8/21, 9/2 (both are nearly candlestick hammers) Two hammers with the latest being lower is just something I don't remember seeing this close together before. Not saying it never has happened but it just looks odd.
Higher highs - 8/13, 9/5, 9/11 (the last two kind of resemble upside down hammers but not really) Again, the idea of those two adjacent candlesticks with the 2nd being a higher high and a higher low than the first one bothers me (mostly because the bodies are so small).
I don't think anyone has a clue what is coming next. I think what really confuses me is the fact that we have had a breakout above 202 without a retest or a filling of that gap but at the same time have had another breakout (above 215/216) with a successful test today and a (narrowly) filled gap.
I'm still in because we may still see a blowout to the upside BUT if it tries to fill the gap above 202, things may get strange...
The phrase 'after the avalanche has begun, it is too late for the pebbles to vote' comes to mind. 175 might get breached only to be followed by yet another annual high
It would not surprise me for swings to get violent between now and consummation. I truly believe that a lot of the action since mid to late July has been attempts by deep pockets to run stops and take people's shares. That makes me think holding is really smart but it could certainly be a long term move.
Confused as ever but I wear Sketchers cause I'm too lazy to lace up the High Tops.
By the way, what is the best guess for the wedding date. I want to have my Oxfords and Spats clean and shiny.
Youngsters look it up LOL
DISCLAIMER: NO TRADING ADVICE INCLUDED - EVEN IF YOU THINK I AM A WEASEL AND AM SURREPTITIOUSLY TRYING TO SNEAK SOME ADVICE OUT THERE IS NO TRADING ADVICE INCLUDED - FURTHERMORE, THERE IS NO TRADING AVICE INCLUDED. ALSO, THERE IS NO TRADING ADVICE INCLUD
