Tytan Holdings Inc (TYTN)

[dmlabuda]

Not wrong at all. Any savvy trader would know that it's accurate. The Fibonacci retracement possibilities for a run from low support (somewhere around $0.0002 I don't have an accurate price on that) to $0.005 (the recent high) following an exhaustion gap, divergent sell signal and a key reversal day would be at best the 50% mark around $0.0026 ($0.0025 to 0.00275) and the 66% retracement (very possible) at $0.0018 and with support so close at $0.0016, it would not surprise me to see a drop to that support area before it finds a bottom. Perhaps you have some other way of analyzing that. I don't know. You don't say. All you do is say I'm wrong but, make no attempt to explain where you believe the stock is headed and why. I've been very clear and consistent on my opinions. For right now at least, there are many more opportunities where the timing appears to be very good for a move up next week, which is where my money is headed at this time. I'll keep track of TYTN and likely take a position in the next two weeks if market conditions appear to be right to buy. Today from my perspective, I see it as short term bear market and I hate taking a new long position when it price is falling. I much prefer to wait for firm support and buy prior to or as the price is heading back up. The first move up after a confirmed top, is not the right one to buy into in my opinion because there are usually three waves (one down, one up, one down) according to Elliot Wave Theory. But, I'm not wrong in my analysis. It's by the book for the most part. Perhaps you should explain how your analysis differs.