Ed, "Sure as hell wasn't no chart reading.. just wondering if a cell call from a snowmobile did the trick...>>>>>>
Ed, I went back to check the numbers as on last Thursday when that House BRINK dumped 100K at .165 but lots of buyers rushed to buy @.165, why these buyers rushed to buy at this level, you can see why now. This confirmed my expLanations on last post.
On Friday, there was ONLY one order took @.16, one of the luckiest in this world.
NOW, WHAT IS GOING HAPPEN TO CWA's neighbors like DML and MGD:
DML has been retraced for few days but it had met the retracement requirements 1.) at least 1/3 retraced what its recent gains $.60,
2.) it had passed 3 days 3.) the prices dripped down hit new low and closed at the low of $2.38. The best way to described it is using the following table:
DML rallied from $2.05 to $2.65 gains $.60
1/3 retracement[.60/3=.20] at @$2.45
50% retracement is [.60/2=.30] @$2.35
2/3 retracement is [.60/3X2=.40] @$2.25
The safest way to buy is @$2.25, but you are at risk that you may not get it.
The most likely is at that 50% retracement to get in,you risk .10 cent/shares but you have lots potential to gain.
So my judgement is "THAT IS IT. THIS DML PUPPY IS READY TO MOVE AGAIN, YOU WILL SEE VOLUME INCREASES AS PRICES MOVE UP AGAIN,
LIKE THE MISSING THE BUS CONCEPT, HERE YOU GO, THE RERACEMENT IS ENDING, AS I SAID BUY AT RETRACEMENT AND SELL AT BIG RALLY WE WILL MAKE A TATANIC FORTUNE.
Ed, now MGD;
MGD rallied from .15 to .23 gains .08 [let put .9 for easy calculations]
1/3 retracement .03 @.20
50% retracement .08/2=.4 @.19
2/3 retracement .05 @.18
Looks at the market this few days, it never went down to .17 and I see large bidder @.18 so my judgement on MGD is .19, 50% retracement will end this retracement period. And THIS PUPPY MGD is ready to move again.
Ed, things look excited don't they????? Be prepared your wonderful SVB INDEX. IT WILL BEAT THE 'ELL OUT THAT DJIA, DOW TRANSPORTATION AVERAGE, AND UTILITY INDEX...
WE SHALL SEE.
John |
