farviewhill: Thank you. I appreciate your thoughtful and respectful response.
The greatest hurdle is the 'gap'. I cannot explain it away like I could find mitigating factors with Fibonacci, Chart formations, etc.
re: chart formations, this one is referred to as the 'death triangle'. I have tried to find an image to paste here but the few I can find are encrypted. Google: 'death triangle in charts'.
Bulkowski (thepatternsite.com calls the pattern a 'roof' and you can google 'bulkowski roof', also.)
If I hadn't come across 'the gap' I would not feel as strongly about the projected outcome. I am often asked how upcoming news might affect an outcome. Fundamentals are critical and certainly a powerful positive news event will turn a chart around...sometimes a permanent change, sometimes only temporary. I am reminded how for a couple of months shareholders have waited for the Lancet or NEJM article. Farviewhill, you and I shared comments a little while back. At one point I posted that I bought in the day before the RS was announced. I was out a couple of days later. I've made huge mistakes early on which is why I have spent the last four years learning as much as I can about this stuff. I know how difficult it is to cut losses. I've lost over one hundred thousand but I have found ways to not only cut my losses but to maximize profits. I offer no guarantees of outcome and have no incentive to influence buying or selling. But, I watch a few stocks, this being among them, and when I come across information in the chart that I've not seen or evaluated prior, I am compelled to write. You recall in a response to another poster I warned that this was going lower. I don't enjoy having to put this stuff out, but crap! if you saw a car coming, wouldn't you do what you can to warn the pedestrian?
Listen, I've been called a fraud on another board simply by doing what I have done here. I don't like it. People listen to that bs. However, I will continue to point out the reason I am saying something, not just make a broad statement.
You must do what you believe is right for you. And remember, I am human and I make mistakes. In the meantime, I will answer questions to the best of my ability.
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