Wednesday, May 16, 2012 10:52:31 AM
Yes, the "Shower of Gold" formation we experienced a few weeks ago clearly indicates a reversal is underway. Support was successfully tested at .008, .005, .003, .002 and .0015 levels, and I expect further support at the .0001 level. Of course as an experienced trader, I'm not wedded to my analysis (there is an 8.32% chance that prices might decline) so I have a trailing stop in at .0000.
The rally continues, as predicted. The "Fist of God" chart action we experienced yesterday clearly indicates that the apparent price decline is merely an illusion, and my analysis is correct - despite the supposed "evidence" in your P/L statements.
The rally continues, as predicted. The "Fist of God" chart action we experienced yesterday clearly indicates that the apparent price decline is merely an illusion, and my analysis is correct - despite the supposed "evidence" in your P/L statements.
"To argue with a person who has renounced the use of reason is like administering medicine to the dead."
-Thomas Paine
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