just a case of chart cycles prodigy.
or more simply put see it like the behaviour of buyers and sellers working in the 3 different timeframes of short , medium and long term interests overlayed with the LT fundemental storyline. These 3 cycles also work at different frequencies making the whole thing difficult but not impossible for a technically minded person to interpret and disect. The subsequent outcome creates the individual demand and then supply metrics that in turn create the charts ups and downs in the two smaller timeframes and reward these short and medium term participants with their profit taking opportunities. These shorter term selling or supply events create the opportunities for the long term players (usually large funds) to patiently soak all the loose freefloat in the range until it has completley tightened and or transfered to others safe hands......no wonder you ask the simple question that any patient holder would ask......and no wonder buffet says the stock market the most efficient machine that transfers wealth from the impatient to the patient.
Now for the interesting bit.....there is a magical point in time where the frequencies of the short and medium cycles both align at exactly the same time as the longterm cycle....bit like a lunar eclipse or the saying where the planets are aligned...CDY has one of these magical events happening soon...starting in NOV infact so I expect just a little more patience is required just here before we finally get the reward from all the effort created to date by those participating in the longterm cycle. The subsequent mths of dec and jan
should see some decent follow through so not long now imho before your current question can finally become redundant.
CDY Price at posting:
2.5¢ Sentiment: None Disclosure: Held
