I called that on the 14/12/13 what price was doing @ around...

I called that on the 14/12/13 what price was doing @ around .45cents, its actually the 2nd chart on this charting thread....

it gets one thumbs up... someone states the obvious after the fact... it gets 11 thumbs up lol. - nothing personal.

$1.00 is a fair target... but to me, as someone who positions of charts, its not in play just yet, its like saying $5.40 is in play, yeh it is.. but not yet.


todays pattern was called a 'bearish - 'belt hold' and the reason its called that is because the bulls just got caught with their pants down aka buying the high....

this things coming down and im still betting for 52 cents...

let me explain:

if you bought on open today @ .64cents and you look at the realistic target of .75 cents (which if you read up over my charts has been more then justified) you stand to gain 17% and if price pulls back into its bands which it will which is around the 52 - 54 cents are then your stand to loose around 18%

to me the odds arnt there to make a trade and if you went in with only 10k, your possibly looking @ your account being down $1800 to one day "hoping" to see it at $1700 in the green. Yes i see a strong chart for larger time frames like the monthly and weekly, but the daily is saying its coming down, and thats the most important bit because this is the charting thread for people who trade...

today is what it looks like to be caught with your pants down.