American Scientific Resources (ASFX)

[OBI]

Correction Completed? Chart shows

from day 1 I have always believed we have completed 5 waves for a Major (I) move last year. Yes I under estimated the correction as well as its duration. But still, looking at this, we have clearly crossed over the bearish neckline and last week's drop to .065 has officially met the min requirements of an ABC wave correction where wave C generally is lower than A, hence, the next big move will be a huge breakout.

wave III cannot be less than wave I, so if wave I gave us about 8 cents, then we can expect wave III giving us at least 8 cents + where we are at .0065 which comes to around .087, coincidently this is our 200 Moving average.

Dont think its possible? no one would have predicted asr to move 1000% two septembers ago as well.

Right now the genearl market is seeking a top, once all the big money finish playing the main market, the correctional sell off will move funds into pinks. ASR has moved up nearly a year, dropped nearly a year, so its time for a new trend to emerge. The catalyst will be the uplist, follow up plenty of earnings, contracts, PR, deals, and institute investment.

YOu just watch.

GLTAL