Kodiak, my old friend, you want a food fight, I can give you a food fight, (might as well, I've effectively handled the knucklehead twins into a state of ill worth.)
What I see in HOFF's chart, most people won't. Ya gotta be Italian to see it, or like Italian food.
stockcharts.com[h,a]daclynay[pb200!b10!b50!f][iut!Ub14!Ud20!Lh14,3!Lj[$spx]]
What I'm seeing is Fibonacci retracement lines. See em? I didn't think so, it must be that tofu life style. <lol> I need to feed you some calories!
Anyway, I think it's prudent to try and anticipate points where falling stocks may go, if it isn't apparent by looking at the chart.
A 50% retracement would bring HOFF down to about 6.70, the next retracement would bring it down to about 6.40. Of course it could go lower, the last line of defense is at a price of 6.01 which would be a 76.4% last stand retracement point, when using 8.00 as the peak, 5.40 as the low.
What kind of wine do you want with this plate of pasta?
dabum |
