for hatchworks & short term trading forum memb

Hi hatchworks and other short term trading forum members,

Hatchworks, you asked for my thoughts on VPG in a separate thread, but I'm opening this new thread to other members as well, but:

First the preliminaries:

This post is meant for the members of the Short Term Trading Forum only as it revolves around charting and technical analysis for short term trading. So if you are a fundamental investor and a long term position trader from another forum who is not used to reading charts, please refrain from continuing to read and skip this post in order not to waste your time. There is ZERO fundamental content in this post, and is based on 100% technical analysis only.

Now on to the discussion:

Cycle analysis indicated the 22.3 day cycle to hit a target of 0.105 on the 9th August. We now know that this target was achieved this morning after a 2 day slight "delay" as we entered the mid band of the channel ( channel marked 22.3 days and plotted in purple).

On a separate chart I have posted, this also represents the convergence of some gann angles which need to be taken out before the price can push on to higher ground.

Attached is a chart showing this event and a projected target for the next larger cycle, going into the future time frame ( plotted in red ). I have purposely refrain from posting the projection time and date, firstly, as the projection is not casted in stone, though it will seldom vary much, and secondly so that I do not touch a raw nerve on some other members who frown on posting on such topics.




Cheers

dascore