Replies to post #3544 on 123Tom's TA study group

[123tom]

Another miner gets its 50% Haircut from the top....



My commentary here..http://investorshub.advfn.com/boards/read_msg.aspx?message_id=126937643.



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[123tom]

Canoe...I like to look at the Fibonacci targets to see how the technical pattern might play out.
This pullback target zone around the 200 ma is just the first target in the pullback. I like the lower targets, to watch for.
Watch the bounce now into the resistance shoulder zone around 7.30-7.40 area and see if it doesn't get hammered down again ,and maybe another 1 dollar downwave to the 6.36 target zone. maybe 6 dollars after that.

I don't know if it would do another downwave from this pattern but this could be the larger pullback in the bigger picture.
IF sentiment is very bullish on this equity, it might hold here at the 200ma, but IF its a game run by the wall street manipulators, we could see another downwave to target 6.40 and 6 dollars before its finished.
I like to follow the Fibonacci tracks.

[Citrati]

'Paddler' nice list. Are you also following ZSAN, ARTH or DCTH? Got my eye on them as well.
I have been following EGLT and go signal for me could come tomorrow or soon.
http://stockcharts.com/h-sc/ui?s=EGLT&p=D&yr=0&mn=3&dy=0&id=p16230949409
I know there is a catalyst creeping up on us there.
VCEL, just watching to see if the P-pivot holds.
http://stockcharts.com/h-sc/ui?s=VCEL&p=D&yr=0&mn=3&dy=0&id=p92816067455

Your choices are all solid picks to play IMO.
Your in, which is the only way you can win. :-)

Hope you kill'em. I hope to get my pieces as well.

Green Trades to you.

PS. You also called the dilemma with bios and how fundamental events influence the price action/charts, but are difficult to call accurately.