chart, page-104

Here's one given ahead of time.

Presently price is sitting at a major support zone, the low from the 11/9/12. If this level can hold today, there's a chance you may have a move. If that support zone fails, this time you will see the gap filled.

I've posted all along that if you're a long term holder seeing that gap fill isn't a terrible thing as long as it fills the gap and halts. The reasoning behind this is house keeping. No pro trader would be comfortable going on holiday and leaving a window open. On that gap closing it gives alot more confidence for taking a position.

So I'll be looking for the confirmation of either scenario to take my next position. As always confirmation is king.

So I'll explain that in more understandable language.

A. If I see this rise tomorrow or the next few days, I'll take a position ( I'll buy shares of this security).

B. If this continues to drop I won't take a position.



Isn't it strange how the TA always dictates what the FA does.