A Big Fat Pennant, page-2

I'll put my head on the block for this one; I might as well go for broke (joining up the metaphors a bit)..

This pennant is very clear to me; clear enough to define price and date.  Here goes:

Price:  The 'snout' or the pennant's point is at 8.1 cents.  The price will break above that (yes, I know that it closed at 8.2 today).  Today's trading range crashes, with shoulder lowered, fair into its midriff.

Date:  Over the years I've observed that the SP usually moves before the point is reached.  The point sits at Monday the 15th of this month - a fortnight away.  Therefore I reckon that the price will climb sharply upwards (perhaps heading towards 9 cents - but that's pure 'feeling in my waters' rather than anything so definitive as the shape of this pennant) on Thursday or Friday, the 11th or 12th of this month  ...  at the latest.

I've got everything crossed, but needn't.  I'm possessed much more of a sense of profound sanguinity.

On the other hand, Black Swans do fly so  ...

Stops in place, always.
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Not a pro; just a trader who loves the game.