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Re: shmolton post# 15366

Tuesday, 10/23/2007 11:59:20 PM

Tuesday, October 23, 2007 11:59:20 PM

Post# of 75789
ERFW Target

$2.25 - 3.00 on the next run, assuming no negative market interference or fundyfuckups.

Follow both the broad channel and the narrow band within it, which is where the most intense action and infighting will be. When it moves out of that channel, either way, reassess the situation immediately.

There is some reckoning along the way where the midpoint of the two channels converge at around 1.75 or so, not far off in time.

brikk and I did this long term forecasting on DPDW well before it bottomed at .18, and we were right. ReferManiac and I did it on REFR. I did it on CZQ.V, before it ran. Only works on plays supported by strong fundamentals that are not being blindsided by flesh eating financing.

It's always fun to see it play out. Right or wrong, the trendlines are there to be tested.

fringe





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