Took some effort to get this on HC....Dont know sod all about computers.....Dont know how to shrink it but the picture speaks a thousand words....This is the chart I worked out El capo was talking about earlier in the year and why I firmly believe sub 2 cents is approaching.
I used a candle stick chart rather than line chart due to the gap up on Friday...The trendline from friday touches the wick early 2009....The top for this rally?
Im picking a run to the 23.6% trendline...Appears to be about mid 5 cent region. Then the descent to sub 2 cents.
El Capo stated timing the low is the hard part but my best estimate for the sub 2 cents low if the chart plays to perfection is early part of 2013. I used a Fib count (number 13 lands early 2013) and the time distance from lows to highs to lows ie 1.5 years and 2 yrs.
Anyway fellas.....Enjoy your steam engine train ride......El Capo and Karlos will be waiting at the platform for the Bullet Train early next year....Intend riding first class....Join us if you wish...(patience is a virtue)
Took some effort to get this on HC....Dont know sod all about...
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