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Monday, March 18, 2013 10:30:04 AM
We've been making higher highs and high lows. That's the very definition of an uptrend. I wish some would take the time try to understand the way this analysis actually works before senselessly bashing it.
Once again, some are becoming impatient waiting for the big news, and that is clearly what has driven us down here -- but it certainly wasn't unexpected, and I sold some at .262 when I had the chance (but am still holding my core position, of course.)
Over the last several weeks and months, I have stated that if we could get past .21 then we could see .24/.25, and we did. I stated that I once thought .14 or so would be a bottom before the last run, but then I changed my mind based on what I was seeing, and said that that wasn't going to happen. And it didn't. I also said .30 was the next level, and we got to .28 on the last run. Not too bad, and it certainly doesn't mean that .30 isn't going to happen, it just didn't happen yet.
The predictions based on the technicals have been far, far more accurate than those offered by some here.
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