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Re: pitbull74 post# 5646

Thursday, 09/29/2005 7:41:48 PM

Thursday, September 29, 2005 7:41:48 PM

Post# of 44374
pitbull74

$1.07 was not my number and was from TA info 7 days ago. Take a minute and evaluate the info at the link. It was a 1st target if the down move continued from $1.21, It didn't, it only reached $1.14. NOT my call today!

I posted that info to verify the cover target, which was reached today, with all your big block sale posts. Trying to explain the guessing with TA! IMO odds are today was a short trade made Sept 22 being covered. That's all.

When I make a projection of PPs, I will include My personal chart as always. I have cancelled my 93 cent target and am watching for a new chart pattern to from presently. It's lookin like a pennant is forming, but there were 2 other positive pennants formed in the last 3 months that did not play out. So in this short trading enviorment, I wouldn't expect this one to pan out either.

But for what it's worth, there is a positive pennant in formation right now, calling for a normal 50 cent move higher, from around $1.45, along with the MACD. The SAR's, DMI, RSI, CMF are calling for a down move at the same time. The Full STO is flat. Conflict !! The 3 days aroon has just finished an accumulation period and shows no trend, both down & up lines sitting at 0. Where the down line normally goes up, in that positon, indicating a new short term down trend may happen. Conflict keeps me quiet, so I'll not offer an opinion, just the info.


That said, the value of your life, should be based on a more stable environment. And thanks for the wish of luck, but I do not own GTE at present and only trade on numbers, not luck. So it will be some time before I re- enter.

Keep up the positive attitude, but IMO be careful with betting your life! Because right now, it seems to be worth more to me than you. I don't have a large tolerance for risk, like you. LOL

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