Good post Hendrous and just the tonic needed for those longterm holders that may be getting the heebygeebies.
"I give him credit for getting that spot on, but I still think its a massive stretch of the imagination to pluck a low from five or so years back and then suggest a date for this to be realized."
Time and price predictions made W.D Gann probably the most successful trader ever.
After studying the markets with an emphasis on technical analysis for around 20 years you see the same chart patterns again and again. To be expected really as the chart is a depiction of human behaviour and humans repeat their behaviour over and over again.
I put the odds of the sp NOT hitting new lows under 8c at around 7/1.
BUL Price at posting:
9.0¢ Sentiment: Sell Disclosure: Not Held
