Matoutus, I actually will not admit I was wrong until the moment the macd crosses. Until that time occurs we will not have a breakout. So as each day comes and goes, could affect the time the macd crosses. So I may still be correct in that it will take a month or so. In fact it has stayed around .23 to .27. So if it does cross and the stock does pop this week, then yes, I would have been wrong on the SLOWLY, but again that is relative. So you must admit a few things also.
1. that you expressly said that you didnt think we would have enough time for a trough. Well the last 6 days has produced one, the macd has not crossed yet. Per your quote on 3/28/11 "I didn't say I didn't like troughs ..I merely said I don't think we'll have time to see one this time."
2. You thought we were going to pop right back up last week. We didnt and we wont until the macd crosses. So you are pumping rather than objectively looking at it. Maybe a few people bought at .3 because they felt they had to get back in. Well now they are looking at a loss currently, but if they would have followed the charts, they could have gotten in at .23 or .25.
1. I in fact explained we were in a trough, which we are still in. 3/27/11 began the trough.
2.I did in fact say this was going to rebound around .3, and it did, but cautioned that it would level off between .2 and .27
3. We did trough and are still in a trough and have been for the past 6 days and may not come out for another 4+ more. AND if we get close but dont cross, it will begin another downtrend.
4. consistently for 4-5 days I predicted the price ranges, and we traded in those ranges until we get news.
Bottom line, is I brought an objective approach. This stock will not go up significantly until macd crosses for a breakout. It will trade in the .23 to .27 range until that day. In fact, as we sit here today the trough still exists and is continuing, so it may take some time, I will know more as each day progresses.
So if you are attempting to make it seem as if I am entirely wrong and no one should believe chartists, then you are mistaken, the trough has not filled and so you may be able to get in at cheaper prices before this thing pops.
