>>GMST chart still looks lousy<<
Could not disagree more. GMST cleared away almost a years worth of momo and accumulation this past month. There is a time to pause, that is what it had to do, and that is what it did.
Long-term indications for EXTENDED run are to be found all over the technical front. Most likely scenario is a run towards new high, one more stall, re-tracement to the low $70 or high $60 range, then brief consolidation before tearing up the charts for another long run. Possible opportunity to simply consolidate below $80, forming a handle, then moving on.
The only head & shoulders to be found anywhere around here is at the local Safeway, this baby is not going to flounder, not with the institutional support already in place, and the support still to come. No way!
Made some technical points a few posts back, T/A is always prone to error, but then again so is F/A. However, in case you'd like a little more detailed reason for my technical beliefs, they are there, and always appreciate any thoughts or input. The more we learn ... the more we learn what we don't know.
Regards, JB |
