Thanks Mosconiac, I still like to do a little
chart watching, although it hasn't done me much
good lately, as I am "all in" a stock that just
goes DOWN....lol.. I keep hoping that stock
will rally and free up some money so I can
come back over here and play with this one.
Anyway, it looks like NVEI FINALLY decided to
fall into what looks like it's "c wave" of a
very complex "a-b-c correction". "Obvious"
support is right at "A BUCK", but since the
bottom of "wave 4" is around $.70, that's a
possibility, too. Don't anyone get mad at
me for that, I'm just talking "technical"
right now----not bashing,OK?...lol....
Anyway, if this really is a deal, and my
count is right, once this "c wave" is
complete, a very stonge rally could begin.
Beware of low volume rallies, though. They are
usually "head fakes". Anyway, assuming my
interpretation is right, the next intermediate
term upside target could be as high as
TEN BUCKS!!...no kidding......
Here's the link to the chart. It's pretty easy to
see the 5 waves that make up the 1st wave of what
we all hope is a new Bull in NVEI. The 2nd wave,
or correction, made up of a small "a" wave, followed
by a very flat triangular "B" wave, and now, it looks
like the final part of the correction, the "C" wave
may have just begun. That would complete the "2nd Wave"
and gives the possibility of a MASSIVE 3RD WAVE TO BEGIN.
It's probably going to take some kind of pretty good
news to get that started though, from what I've seen
of most stocks lately. Man, this has been a TOUGH MARKET!
Good luck everyone! tom
