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Re: aries4747 post# 2994

Thursday, 01/05/2012 1:03:46 AM

Thursday, January 05, 2012 1:03:46 AM

Post# of 12829
You were asking about where I think the price could go on the down side. I don't usually try to second guess the market unless I have a good measuring tool handy in the form of a triangle or such. You can tell from the chart below that the Head and Shoulders Top forecast was achieved and a symmetrical triangle formed at that point providing another target price but at the present time, I have no other measuring tools to estimate with. It appears that there could be a rally of some kind soon because the weekly chart is very oversold right now. EK - Weekly Candlesticks

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