globaldata77 re .047...
.06's wouldnt be as orderly, more of a restart on the fib pattern. but, .07's would actually be fine as long as the volume continues to lighten on the pullback.
you may be right. door #1 scenario of the current price holding may very well be the pullback. There's certainly a lot of anticipated news coming up soon, along w/ new eyes on the stock to retrench it at the current pps.
where we are now is a 25% fib pullback, If it holds the .08 line. The volume has lightened, so that is good sign. Monday-Tues will give us a very interesting view of what we're technically looking at thru mid Nov.
I'm leaning to mid .07's b/c I think at least thru late next week there's still enough of a window of time to let it drift. plus a decent # of shareholders took profits in the .09's & it may refill the bottom of that high volume nov 22 day.
lastly, in re to my .047 prediction. I posted that on sat 10/12. if you go back & look at the chart, that was after the 10/1 day up couldnt takeout the high 40 mill volume sept 16 swing point. The bottom of that sept 16 move was .047. Many times when swing points arent taken out w/ volume, they retest either the bottom or top of the swing point. By 10/12 the stock was moving slowly up again, but on light volume. I thought, that .047 sept 16 bottom was still vulnerable. I still think the top of it (.061) has to be considered. High volume swing point days are cardinal markers on a chart.
The move up on oct 17 showed me a lot. I on this board then admitted, w/ that move, that I didnt think the .047 was in play near term. I've come to the conclusion since then, that increased investor attention & volume has created a higher base. The GIFT program may also have been a major factor.
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