Adaptive Medias Inc (fka ADTM)

[Imperial Whazoo]

Remember the fib splays that are at play here, folks. I posted about them back when this thing first took off.

Using a fibonaci splay that consists of a 382, 500, 618 & 786 pullback set, you have to be aware that the 618 is .3862.

And where are we right now? Just above the 618 level, at .40, thats where.

So the fact is that we took out the 618 in the move we just saw, but it has now retaken it.

Actually, to be precise, we retraced to the 786 line (.2957) on Oct 16 & 17. Then we experienced a steady climb back above the 50% line, which is where the takedown began today. And now we are back up. We made an attempt at eviscerating the dynamics of the chart by the takedown below the 618, but that failed miserably, and we are now done with that tripe, and we have firmly retaken the 618 level.

So, apparently, the 618 is a primary fib number and, to the extent it holds on or around that level, all we have here is a normal behavior. IMHO, it was a contrived, artificial takedown that was designed to let a set of players accumulate cheap shares, but as is pretty much always the case, the fib levels are still the levels where bouyancy happens, and in this case, the 618 appears to be the resting level.

We'll just have to wait and see, won't we?

Imperial Whazoo