chart, page-142

Post #: 7520957 08/12/11 21:53

"if without any announcement, 8.2c/8.3c, imo
but I guess it should be at least 10c+ when P1 listed."


Post #: 7555750

"retest this red line today and this should become the support.imo.""
and that support was broken on Friday.


erich So I understood it that you said if the red line breaks which it did as you pointed out on Friday, Then this was going to drop to the 61.80% or the 0.036 zone. But at the same time you say if we get a candle tomorrow the same as the 6th then it should be 5.5 by Friday. So the 10 cent price you first mentioned on the 8th is now replaced with a 5.5 if we get another indecision candle similar to the 6th tomorrow. So I have to assume that if we don’t get the indecision candle tomorrow or a super positive ann then you expect this to be at 3.6 or lower by Thursday.

I’m not having a go at you by the way. It may seem like that. But I’m not. It may well drop to 0.036 if no news is released. I’m really just confused by your TA. I can’t see in the GCN chart anything within a week that could lead one chartist to come to so many analyses of the same chart. Look forward to you clarifying a few points. If this was posted in the charting thread I wouldn’t ask. But you have posted on the main thread so I’m quite right in asking for clarification.