july14 charts

Hi missionx, Elroy, EL & PNA posters in general - have been off with the grandkids, landscaping etc.

IMO PNA's fundamentals are attractive. PNA has already provided profits for me & appears to have a promising futre now that the GS debt has been retired. Atm I am awaiting a clear buy signal before re-entry.

For those into charting IMO those below indicate:
* Much of PNA's 'buying pressure' was absorbed by the SPP
* PNA is now 'oversold'
* PNA's SP is affected by the big picture - poo, poc & boarse performance
* The daily trend is currently DOWN [Chart1] but may be about to change
* Although Elliott Waves [Chart2] project a $0.26 base IMO [$0.30 - $0.28 will perhaps become the new base SPP level]
* Chart3 shows that stocks have been swimmming against the tide since June 12 - however, the DNA of this market correction now appear to be that of the first correction in a new BULL market [IMO this is apparent from the XAO chart]

Chart1:


Chart2:


Chart3:



4YIO - NFA - PDYOR