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Re: Mr. McCringleberry post# 32068

Monday, 11/25/2013 10:54:00 AM

Monday, November 25, 2013 10:54:00 AM

Post# of 120631
The daily Stochastics turned positive and are in an upswing. There is no reason for PHOT to go lower except that mm's may try and search for stops. We have a double top at .084 to take out and a gap at .0849. We also have a double top at .1049 that will be taken out as well. Over the last 20 years the stock market has seen significant gains between now and Christmas. If phot follows suit we will be trading in the .09s within the next week. We also have a gap open on the downside - but I am not putting any credence into it as I believe this was more of an aberration in the market price than a true gap needing to be filled for consolidation.
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