well tell me that charts don't work, tell me that I am dreaming with my targets but so far I have been much more right than wrong with my calls up and down (though not perfect by any means). In my humble opinion we are seeing history repeat. I spotted the reverse H&S before it broke out and called a target of between 2.70 - 2.80 and that is where 1PG got to. Last time I called a retrace to 1.30 because that was the price that 1PG broke up from on the amazon news...we got down to 1.35. I see that it will be no different this time except for the fact that there is a gap that is screaming to be filled as well so that is a double reason to retrace. But I also expect that 1PG will find very solid support at 2 bucks provided the story stays a happy one and I can't see why it wouldn't. We may or may not see a short term bounce around this current level as $2.29 was the old high but I am pretty confident that bounce would be short lived before a trip down to 2 bucks. Hopefully after that onwards and upwards to greater glory or else it may just consolidate around 2 plus bucks depending on what news comes out.....just my opinion as always.
