Replies to post #7733 on BioSante Pharmaceuticals, Inc. (BPAX)

[Senorita Roachita]

Sorry, MONTHS for a triple bottom is a logical fallacy. If that were the case support levels on various stocks and Clay's charts wouldn't mean jack.

A bottom is where traders refuse to sell beyond that point, and resistance is where traders want to sell. That does not take months.

BTW calling for a certain price while shorting, and the price you plan to cover does not make you an elite chartist.