technicals, page-35

As I stated Purav, there are too many external risks out there for me to play with LNC. Far easier to make money on the big US indicies which should lead LNC price, and wait till risk is in my view reduced for an entry into LNC.
I stated previously I was not in the $1 view, as I do not try and pre empt the market. In my view, 1.315 had to be breached first before any predictions of $1 could have been called. As it was, I caught the ride up to the mid 1.70s (as posted) that was missed by your early call to drop quickly to $1.

I never stated "you see a good support at a $1.31, and expect a consolidation this week between $1.30 -$1.80 (really?? ". I quite clearly stated that until the 1.315 was broken, then the chart was showing consolidation, and to see what developed. I do not post on what price may be in 1 week, or any other time frame, as that is just a stupid game that some play. Charts are of price, and unless you have spent many years studying Gann, then time and price are not used, only price per charts.


"For now it looks like $1.315 on the downside is a very important hold and needs to stay above. If that is broken, then a 20c drop or more would not surprise. But until then, its sideways consolidationbetween 1.315 and 1.80 for my mind. Lets see how that chart developes."