chart, page-2

thank you Daytrader150, you have just caused me to get off my lazy fat backside and do something I should have done a long time ago......IE download some charting software.

I stated this morning that I had identified a new uptrend channel in the last 2 weeks. I stated a target of 12 maybe 12.5c. You stated on another thread 10.5-11c. I thought you may be understating the next peak a bit. So to prove the point I got me some charting software and drew some lines.

The truth would seem to lie between our 2 targets. LOL....I wasn't ramping earlier....but it was more a case of optical illusions caused by drawing imaginary lines on my computer screen.

Just as a little aside I sense a bit of apprehension today amongst the faithful. My experience is that by the time a stock retraces to the bottom trendline there is nervousness all around......until it runs back to the top trendline.....in which case predictions fly left right and centre that a new steeper trend is emerging...... I wouldn't be worrying right now unless there is a SIGNIFICANT breach of support.


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