Replies to post #867 on EZMONEY ED AND FRIENDS PICKS

[dmlabuda]

VERY GOOD QUESTION ... on the daily chart http://stockcharts.com/h-sc/ui?s=WEST&p=D&yr=0&mn=7&dy=0&id=p08020426942&a=240661626&listNum=3 you can see that it just looks like a bull flag forming or perhaps a normal Fibonacci correction to around $0.29. But, the hourly chart (the microcosm) shows us the Descending Triangle and provides us with a Target Price all the way down to $0.265. So, that is a much clearer picture. The 15-minute chart (also the microcosm) confirms what we see on the hourly chart. http://stockcharts.com/h-sc/ui?s=WEST&p=15&yr=0&mn=0&dy=8&id=p76192684133&a=242423769&listNum=3 We could see a break in the base of the triangle and then a return to the base and then a drop to the target price. That would also be normal.