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Gold/Mining/Energy : Anything graphite based, CCB, Zen and hopefully much more.
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To: the Chief who wrote (1934)1/27/2021 10:32:52 AM
From: the Chief  Read Replies (1) of 2618
 
At the end of the day if $3.00 is not broken and held. Then next week may see a technical double bottom attempted at 2.60 which as I had mentioned I had not for seen at this point.

Shorts have always believed that the INK would take quite a longtime. I mentioned that it was not a 40 day thing here weeks ago and was the reason I was shorting.

So, how long could it take? Here is what shorts are betting on.

1) A reasonably good roll out of the vaccine
2) A semi forecasted herd immunity being reached by June/July
3) A longer than suggested approval for the INK

So time is the enemy here and shorts see TIME being on their side.

The longer the INK takes the more support breaks, thats the bottom line.

Shorts are betting you are 3 months minimum from any approval.
So, that puts you into April, with a herd immunity date of June/July, the window of success starts to close quickly. The window is sales vs PANIC Buying Sales.... right now shorts say, you lost the Panic Buying Sales period.

I can use gaps to forecast lower lows, but when you short you short in "steps". The 3.71-2.87 step predicted weeks ago is over, so now we see where the next step is. Closing below $3.00 consistently guarantees a $3.00 to 2.60 step.
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