Zebra your post was very well written. I have a few questions:
At this point the chart seems (at least to me), a little confusing as to what direction is next. If you want to apply some theory, I would say that we are getting "compressed" and (given the fundamentals, as they are "expected" to play out), there may be a resolution of this compression, to the upside, possibly with lots of power.
If I understand your theory correctly, why is it not a given that the move to the upside would be with lots of power?
Could you please explain the concept of ADX, and the significance of the number 20?
I agree with your last paragraph which you stated. I do, however, have a question on your last sentence So at this point, I am grasping to find a solution for my "puzzle" with little success: Is it not the "speculation" that is the substitute at this point for the last puzzle pieces?
Here is where I believe that an alliance with a "biggie" becomes even more important. In making comparisons of the type that says, ABC company is not making money either, and look at the stock it is $20.00 or whatever....the alliance does count. So at this point, I am grasping to find a solution for my "puzzle" with little success.
Thanks for the post and we will learn together
Seth |
