Replies to post #1309 on 123Tom's TA study group

[123tom]

Thanks $$$eeker....

I just looked at the TNXP chart.... I sense its not ready to be bought at this moment here. I want to wait and see what kind of rally hits resistance around 8 dollars, and then watch the selling /pullback, that would make the developing chart pattern more ripe to hold support later on. in 1Q 2016.



I'd rather wait and see a retest of 6 dollars than to buy here at 7. a retest of the 5.50 low area would be even better.

In the big slam down from the 10 dollar top zone to the 5 dollar bottom zone, was a bearish downwave, now correcting /retracing back up in this bounce....the Fibonacci retrace levels centered around 7.80-8 dollars area, needs to be watched to see how strong that resistance will be.that could roll over just as the Ichimoku cloud shapes the playing field. It appears that the big rally cheerlead pumping up last May , right when JBEM wrote about it and got the circus going.... That whole rally was proved False....as are so many of these JBEM bubble pumps play out. soaring to the "Top zone" from the volume pump, take profit and fleece the sheeple suckers leaving them holding the bag. THEN, the short selling takes the price all the way back down AND even makes Lower Lows at 5 dollars. Thats one hell of a game.
Not to suggest it is caused by Jbem, he's just a trader who buys 70 thousand dollars worth and makes a good trade.mBut its the Big Money players who do this game and JBEM and the circus just play alongside it. A Big Money pump, a warrant exercise structure, a selling of the bubble pump (always) and then a shorting down to the bottom again.
Did JBEM or anyone on the circus team explain How and Why TNXP collapsed all the way back down from 10 to 5 like it did? I mean good DD like what JBEM explained....didnt that mean anything? arent the fundamentals still good? arent they the same as they were before? why does the share price go from 5.60 to 10.70 and then crash back to 5 dollars? how does that happen to a JBEM pck? How did that happen to TPIV? how did it happen to AVXL? How did it happen to ....?? the next one to come?

QURE....the next "double" might be from 13 support to 26 Resistance....something like that maybe.