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Lonestarheeb

05/26/16 4:23 PM

#7003 RE: Greek327 #7002

Thanks. I think richierich is correct too. The squeeze is on on the bollie bands and that normally means a break in one direction or the other. Here's what I think may happen: If we can start another leg up, it will likely go a long way and my reasoning is this; we've built a shelf in this area that will become some pretty strong support if we get over it. Another factor, and probably the most important factor, in my opinion, is that in the immediate time frame, we have been in what I conclude to be a substantially overbought condition for some time now. This means that if we start to trend higher, the bears are going to be very disappointed and I think, given history (however superficial that is) most of the casual observers of this thing are in the bearish camp. If they start being disappointed, they will likely feel compelled to catch up and that catching up will just add fuel to the fire.
All of that AND the substantial hidden value that only a few seem to know anything about, but will not likely stay hidden once news catches up to reality.

That's my opinion.