It's a bit of a contradiction in the terms of reference IMO to suggest that the mere fact that a Chart showing data as far back as 2014 and which includes only 3 trend lines would support only a longer view of the SYA SP performance. Equally ridiculous to then assume by this that if you are ' Short ' you therefore are bucking up the wrong tree.
Charting is certainly a useful tool , however IMO , it should be looked at from a multitude of perspectives before throwing out blanket statements. In my mind it should make no difference whether you are long or short. In reality , a chart should reveal a trade in either direction - just depends on how you interpret the data.
A few things missing in this analysis are the key facts that it was this time last year on around 27th October that the SYA SP moved through the .02 cent price point on considerable volumes. In the 7 days following to Friday 3rd November , the SP then broke out through the .03 cent level where it briefly oscillated around this point before surging through .04 , then .05 and to stay with the round number theme - onto and through the .06 cent level. This was all done of course on very significant Buy volumes at the time.
So in my mind , the stronger trend lines are those connecting the lows through to the highs on solid and continuous ' follow through ' volumes. The weaker trend lines being the ones shown in the previous post. One could equally argue that the next trend if it is indeed in line with the others ' strong trend lines ' would suggest we are in fact starting from the exact point we are on right now being .026 -.027. The weaker volumes as of late would support this as well , as they have been unable to deliver any meaningful capitulation to the current SP.
So with a plethora of potential positive news flow in the pipeline , it would not be hard to see that with the increased volumes ensuing from this news - will no doubt bring a sharply higher SP as has done in previous trends lines off these lows.
Can we hit 02 ? Its certainly possible , however very much unlikely IMO. One always has to have a contingency though . So If it does , and as I have already previously stated , I will certainly be buying up heavily at anything less than where we are now. That's my agenda anyway - for others it may be a more..... or less obvious at times by the way they post.
Shouldn't be to long now folks - and would think at this point it's a clear higher risk to NOT be invested as against those who are.......
- Best of Luck whichever way this plays out.
(20min delay)