Friday, March 21, 2014 11:31:33 AM
VGZ - Ok. Thanks. It looked to me like the chart was rounding out and nearing a bottom over the next few days, and then IBB pooped all over everything again.
Today's hammer (which will be appearing all over if IBB comes back) should indicate a few things for VGZ...
1. That it's ready and will start the reverse soon.
2. That's it not quite ready, BUT IMO it will then start a slow walk down (few days???), to the bottom of the hammer, around .47-.50 which should be support for a double-down if you wanted to wait and get a better entry. You can see from chart that .47-.50 has a lot of support in the past.
Just my $.02 on it. I kinda like the chart at quick glance for one to play in the near future. Was going to keep it on watch before today's IBB poop.
Today's hammer (which will be appearing all over if IBB comes back) should indicate a few things for VGZ...
1. That it's ready and will start the reverse soon.
2. That's it not quite ready, BUT IMO it will then start a slow walk down (few days???), to the bottom of the hammer, around .47-.50 which should be support for a double-down if you wanted to wait and get a better entry. You can see from chart that .47-.50 has a lot of support in the past.
Just my $.02 on it. I kinda like the chart at quick glance for one to play in the near future. Was going to keep it on watch before today's IBB poop.
These thoughts are just mine, not right, not wrong, just thoughts. Invest in what you believe in, not what I believe in. Do your research, and invest in the facts.
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