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db

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Alias Born 06/22/2007

db

Re: daletb post# 2606

Saturday, 07/07/2012 12:27:56 PM

Saturday, July 07, 2012 12:27:56 PM

Post# of 4306
I'm afraid that they are going to drop these following support levels:
$1.08
$1.00
.90-.95 cents.

The positive is that will be the low, and also will be the major pivot point which I personally project to be .90-.95 cents. The PPS will climb higher from there test all resistance levels up, ie. $1.20, %1.30, $1.50 and higher.

To conclude:
The daily chart turned very ugly starting 6/27/2012 which broke my crtical support line. The Elliot Wave pattern (per the daily chart) recounted to a possible Type 1 trade, meaning that we are hunting for a new pivot point low on the daily (Wave 5 pivot low) ,which I project to be .90-.95 cents. Again, from there turn and test the previous resistance levels up.

\\\\\Hold on, this is going to be a rough summer hold, and should make the pivot low before the summer is out. In my opinion, they start to bid this up late September, October\\\\\

GLTA
db