bleeding has stopped, page-13

Wayward1,

so I assume that LYC did not fill your required criteria to change into an uptrend...


what, in particular, failed ?


Wayward1

"Funky as you know all charts are broken down into terms of degrees. Almost all methods of analysis do the same thing just with different labels. From the big picture to a sub minuette.

On LYC the largest degree is from 1999 to 2011. The next within that is from the GFC lows of 2009 and the highs of 2011. The beginning of that degree is where the cycle starts, from the 2009 lows.

Count forward from the 10/2/2009 987 trading days (including zero volume) takes you to the commencement of the fifteenth Fib cycle which occurred on the 02/01. A new short term trend immediately formed from that day.

Technically this was a big deal for lynas. Now it needs to follow a reasonably strict template. The sell off from the thirteenth bar from the 18th low is fine and expected. Generally it peaks between the 13th and 21st bars. The decline now needs to occur between 8 and 13 bars in order to fit well with the break.

If the 55th bar sits above the 13th high of .74 it will have confirmed a new trend. The 14th cycle was confirmed to have completed above 61.5 on the 3rd January.

If all this fits well LYC is in the early stages of a new cycle that will run for around 2.5 years but it is very important that the low of 57.5 holds."