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OBJ Chart Thread, page-188

  1. 1,416 Posts.
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    It has been a while since I checked the OBJ chart. Many I'm sure are saying "what's the point,lol".
    With the great research done by some very dedicated posters that shows fundamentally things are rolling out on a global scale I can tell you that in late Oct sentiment, whose proxy is the Money Flow(MF) indicator IMO, touched its lowest point of -55% since late April 2009. That's just 6 trading days ago. Back in 09 it took 6 months for the SP and I'm sure sentiment to turn around as evidenced by the great rally back then. The only other time the MF got close to -50% after a long decline was in Aug 2013 just before the rally to 13.5c. I believe we could see lower prices yet but I also believe that we could be a matter of weeks from the start of a long rally to new highs over the course of 2018. It appears the fundamentals are now slowly coming to match holders(including mine) expectations which should result in improving sentiment. HC is also a good proxy for sentiment IMO and the amount of negativity(guilty myself re the BOD) over the last 6 weeks has decreased in part thru better communication.
    As can be seen there is resistance near 5c and major resistance between 8-10c but after that very little.
    As you can see it is not pretty(1 or 10 YR) but these are the times when buying now can reward long term. If you believe in the fundamentals you could not get a better time to buy long term than now. If it does indeed have one final drop on any volume I believe 2.3 to 2.5c will be the bottom but that could very well be a spike move that will pick up mostly people waiting patiently in queue only.
    All IMO only but hope it helps someone.
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