AB does post here, one can ask him here IMHO
Alan Brochstein Thursday, 10/06/16 05:28:17 PM
Re: Warren Budshire post# 208968
Post #
208972
of 240047 Go
I posted a monthly that I thought was extremely bullish yesterday, and today's action added to that - we are above the monthly close from April and it's happening on a surge in volume. This chart I just posted shows a huge consolidation since the peak. No one has a crystal ball, but these types of formations can produce powerful continuations. The last rally was from .09 to .60. The action here started at .30 on a closing basis in my view. If we get a symmetrical move, it would suggest .80. I wouldn't count on that, but it could go further too. The monthly, in my view, targets a monthly close of .70 potentially.
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