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Re: 123tom post# 660

Wednesday, 03/19/2014 9:46:21 PM

Wednesday, March 19, 2014 9:46:21 PM

Post# of 3836
So now, it looks like GALT has made the retest of the 17 dollar zone, as forecasted, failing there, so far....maybe now will be retesting the 'bottom' zone at 15.15/14.70 area
and the 16 dollar balance point remains the middle zone as shown in the chart and now in price action played out.

That mid zone at 16 dollars seems to be the balance point between downward energy momentum and upward energy momentum.(15.75-16-16.25)

Lets see how far down GALT goes now. in stair steps, and zig zags. and 1 dollar plunges. like a ping pong ball bouncing back and forth between key S/R levels.

or Will it hold support here, above the 15.15 pivot low, and keep the 'uptrend ' momentum alive ??

I'm wondering what the best bargain plunges to buy will be.

I'm starting to see 13.65 off in the distance, like a lighthouse beacon. don't know if GALT will get there but the energy that was going up last several days appears to be going down now. we shall see.

15.15 needs to hold support, as does 15 and 14.70 area. to remain bullish.

enjoy the roller coaster ride.

Lots of time spent watching the waves go up and down... but only a few brief moments where decisions need to be made.


When will the great fundamental news come out? how much time left to play these technical patterns......

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