Gary, to say what you are saying is the same as to say that the market conditions has no effect on the stock. A merger or no merger,
unexpected serious change in the management, a news of a huge contract, hurricanes or whatever - it is all irrelevant. For the stock is only and only on mercy of the Destiny, also known as Charts.
Haven't we witnessed already that your elliott waves can be as perfidious as Sliders hype is? Aren't they reflecting actually the mood of the market only? Which may be and IS manipulated? Fine I agree, they shape to some degree this mood as well, for a lot of traders follow them. A sort of catch 22. But they are not a major factor in this. The real events - this is what major factor is. And in absence of this events, the market is ruled by emotions which are subject to manipulation.
You are referring to your July elliott waves -- in that July in the quagmire of the "quiet period" short scum went on with its major offensive of disinformation (accounting problems, etc)against FGI, and things did not look good. So, whatever your waves are about, they could point that time to 9 and lower. But still until September 14 the stock held very well between 12 and 14, and are you going to argue that the recent unexpected by the market complications that heralded the latest stock drop were actually pre-programmed in the Destiny of your elliott waves?
This would be not just "naive" but absurd.
This said unexpected complications fell as a sharp psychological shock on the exhausted by so long uncertainty investors, and it is in this moment Slider started to scream, "Fire! Run out for your life who still can!" Perfect timing.. and outrageous, despicable act. This is the WORLD WIDE INTERNET - is this so difficult to understand?
ag
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