Wednesday, July 07, 2010 5:03:24 AM
I have just examined the head and shoulders that has been
referred to by several others here and can tell you that
the pattern says that the stock will reach .2875 cents.
The stock has already broken above the neckline of the right shoulder which confirms the prediction. The amount of the move up is computed by adding the difference between the low price of the head to the neckline which in this case is about .10 cents (low point of the head was .11 cents) to
the breakout point where price crosses the right shoulder of the neckline, in this case about .1875 cents
so .10 cents + .1875 cents = .2875 cents
Head and Shoulders are my favorite pattern and I have found them
to be very accurate. There is no time limit for this action to happen but in this case with all that is going on with KATX it will probably be quick.
I am an ex stockbroker familiar with technical analysis so I am not making it up.
STAY LONG AND PROSPER,
Stox56
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