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Re: gharma post# 2023

Sunday, 08/18/2013 2:46:09 AM

Sunday, August 18, 2013 2:46:09 AM

Post# of 9289
PS tried to edit the last post but submit was too late
change was to have been adding to last paragraph:

It was the play with the bottom rung of the A range from mid-week to Friday close that prompted me to write that up. A strong clearing of A range virtually guarantees the dial has been reset to the B range, only needing to play out. etc. So it has been anyway. etc. In the case of this move, the indication of upward momentum is very strong, but also very fast and sudden to A range. I could see it moving above A and testing A as a floor before moving on, I could see with catalyst it just soaring past A, and I also can see it pulling back or plateauing below A and if so with more strong tests of A then I would expect it to move beyond A. It is all very sudden. Moving to 25 +/- for a while with retests to A would be a very nice definition of a floor.

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