You know what I'm talking about dyode, putting disparaging trite like this on the thread:
"I did a Fast Furrier Wavelet Transform analysis on DYE tonight by dropping my dog into the bath."
Mug punters has a bit of regard for each other, my issue with you is your just behaving like mug.
I wasn't going to state the obvious on Friday post VWAP but will now, the point with Springtree is the they haven't driven the price down "hard" for the claimed VWAP, they weren't responsible for the road block ate 55 cents as it is still there post VWAP, and the SP hadn't rebounded post ST VWAP it actually continued to push through resistance around the 52.5 cents finishing at 51.5 cents.
Anyone could be or have been playing DYE in a down trend since mid march 2010, the whole market spiked down at the end of June and the kind of stocks Springtree get into are usually specs floundering around in a volatile market and the dips could be for any reason. Fine for SP analysis to explore the Springtree potential influence but putting give the vitriolics a rest.
Since you want to step in Jaded, your jibba and spraying around jibs have more in common with bags. Learn to cope that there are other views to yours with out needing to gut everyone.
Elliot wave theory is a well regarded concept by many market participants based on fractal formations and recognised patterns that show up in stock markets. It is just a technical tool suggestive of possibility as jaded has pointed out, just like close the gap, or support and resistance, candle stick analysis and so on.
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