ckg.v - Chesapeake has to me the look of something that will make a little spike down to its mid-term bottom sometime in August, then put on a dramatic move up .... i'll be looking for 2.40s, 2.05s in the most optimistic case .... not completely confident of getting 2.40s, so already picked up a few .... this is just guessing in seat of the pants style, based on general chart shape and seasonality, more art than science ... but quite often you see at the end of a basing period, on a widely followed stock, some sort of weird capitulation trough just before the recovery .... in fact, a dip that becomes an integral part of the recovery .... and there may be logic to it being so, because some large holder who had been lightening up bails out of the last of the stock he wants to sell, then the thing is released from that pressure, just as folks tune in to the bargoonicity of it, and some news flow starts up
What a game eh, endless fun ..... here's an unsolicited guess on the PoG - i don't think we'll see a solid move to new highs for four weeks yet, maybe six .... and here again, based on some sort of rustic art, unable to explain why, or draw a picture [and therefore unclear on the concept, according to the Louis Agassiz school of learning] |
