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123tom

08/08/16 4:08 PM

#72898 RE: djmurdock #72895

Speaking of "goals"....

there ought to be technical 'goals' to see as well.
On the chart,with the price action running along tracks,and controlled by the big money powers, to do what they will with it... I think it would be a technical goal, for the powers to take it down to touch the 200ma at 2.80 IF Thats What They Intend to do.
But if they dont plan on that , and they plan on making another rally run to the technical targets higher, before they cash in and repeat the next slam down ....you have to let the sheep grow enough wool before you fleece it,right? ...which on the technical chart, with alot of time to play with now, they could rally it up now, and reach the wooly targets around 4.40-4.80 area.Thats the swing trade target zone for me.Anything less than that is just the day trader stuff.The bigger trade is a rally to that larger wave target, and then we will see the next Adam F tweet bash to signal the next big slam.This is one pattern I'm watching for.There isnt much money to be made trading it up and down from 3.60 to 3 dollars ,or even 3.60 to 2.80 and then selling again at 3.60....for the retail traders thats just a day's pay with a few hundred shares.not even worth playing really. I could do that,to buy 400 shares at 3.16 and sell them at 3.60 and make a days pay.
Its the larger picture that concerns me. I have to rebalance the excess shares I own, and sell a bunch at the higher targets when the sheep grows more wool.Happy to buy at this bottom zone as long as I sell the trading shares at the 5 dollar zone and make a months pay instead.well, thats the swing pattern anyway,in my view. This is a time for patience and prudence...


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