GrowLife Inc (PHOT)

[Monkey13]

Longs,New FIB ABC UP. Updated from today...

Since the High of today .305 was acheived, this destroys the mini ABC up we had going(GREAT NEWS) and puts us back in FULL STEAM AHEAD MODE. We are still on our A with no telling where we will stop.

IMPORTANT: The B point is .305 ONLY, I REPEAT ONLY, if we have 3 days in consolidation mode between .265-.305. THis is a 38% retracement from the .305. Do I think it will happen, IMHO absolutely not, and this is why.....


3 Days would be Friday, Monday, and Tuesday. That means it would have to stay in that range or drop to .24(50% retracement) for the 3 days. IMHO, there is too much anticipation going on for next friday's meeting. Which brings me to my original thought, we will CONTINUE IN THE A MODE WITH NO TELLING WHERE THE B WILL STOP!!!!!!

If we do not consolidate between .24(50% retracement-highly doubt it)-.305, it is IMPERATIVE you remember the new B point doesn't get confirmed until we retrace for 3 days straight from the new HIGH POINT.(could be .31,.34,.40,465+).

That is it folks, I have kids to teach in the morning.

Monkey