we're on the same technical wavelength,Bill...
keep up the good work
mmmmmm...I hope its good work we're doing...LOL
so far so good.
Its such a tricky game riding this roller coaster.
I'm watching the pullback zone 3 dollars to 2.80 now,and watching the rally target steps at 3.80 and 4 dollars. Hard to imagine they will jerk it up that far tomorrow,maybe 3.80 as a weekly high tomorrow? but next week and the larger wave pattern, those targets around 4 dollars might start coming into play. In the larger picture the Fib levels are looking at 4.40 /4.70 and 5 dollars as well....so theres a ways to go in this cycle....but at least for now, because of today's move,we can watch the 3.30-3.00 zone as a support zone now instead of resistance like it has been.so that's the technical picture as I see it. its a good sign that the price rushed thru the 3.00-3.30 resistance like it did. Now we get to watch what the wall street gamers do with this,if they try and take it down thru it(3.30-3.00) again. This rally now today is a good set up for a sharp pop at the open and a slam down to end Friday back around 3.40,in the middle of the mess, to keep folks uncertain as to where its going next week. so I have the next sell set up in the docket now to trim at 3.80,and the next stink bid set at 2.85
IF we don't get the pop at the open reach 3.80,I'll probably remove it from the docket and watch to see what happens thru the day.My greater desire has been to sell these trading shares at the 4.40-4.80 area in the pattern that has taken all this time to start developing,since the past 3 or 4 weeks,maybe 2 months...since the 2.91 Low looked like a bottom ,back then. but now, the rally starts over again today, except its hard to expect it to run to 4.50 in this cycle...the price levels were taken 50 cents lower than the original pattern was developing...so maybe the target zone now is 3.80-4.30.I can work with that.
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