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Strategies & Market Trends : Ted Warren's Investolator -- Ignore unavailable to you. Want to Upgrade?

To: investolator2000 who wrote (1260)	5/11/2023 3:32:20 AM
From: Balti	Read Replies (1) \| Respond to of 1795

Thank you so much, the two raises you scored what would have prompted you to buy before the rise

To: investolator2000 who wrote (1260)	5/12/2023 10:36:49 AM
From: robert b furman	Read Replies (2) \| Respond to of 1795

Note the volume drop on the second bottom @ 3 ish. Selling is drying up a good sign the stock is in strong hands. Love to see a complete return to new lows. Insiders like to buy up shares just before a rise in the price. A wave of corrective wave down ended in 2009 B wave of corrective ended in early 2012 (last chance to save some losses). Then the long and drawn out C wave down after a large blow off distribution top at 140 in 2005! Once we see the C wave form, one needs to count for five waves or a complex 3x3 or 3x3x3. Fairly clear 5 wave into the end of 2015. X wave into mid 2016 and another ABC. Looks like this recent C wave started around beginning of 2020. So we need to go to a shorter term and see if we 've had five waves down. Those kinds of moves are huge and take many years to regain strong ownership! It has been long enough - well past Ted's 6 year minimum needed. Good looking chart! Note to file today trading on a breakout to $4.12 as I type. Here's where you get excited if it has a back test to the breakout which does often happen. Recent high in 2020 June 10th @ 4.93 , if bought at today's 4.12 would be a 20% move to the next level of resistance. Pull back to $3.50ish would be a huge gift! Just look at that final shakeout 7 days ago to $3.04 . Insiders have total control and are sitting on a 35% runup in 7 days. That's how you do it! Think about having 50,000 shares (average cost of 4.00 and being upside down for months). Your position drops in value by 33% and causes the last holders to capitulate and 7 days later you are above water on an exciting run up. Do you sell out - some will. But it is far from Ted's 6 times minimum. This is where you buy an additional 5,000 shares. It doesn't hurt your average and it is waking up and hitting new higher consolidation levels. Consolidation = more movement later! Possible half million dollar position with 220,000 investment. Don't need too many of those in a lifetime. I like this chart - AND they pay a 12 cent dividend..12/4.00 = 3% yield on cost. Being paid to wait! What's not to like! Some great sleuthing Balti! Bob P.S. time to check out the FA!

To: investolator2000 who wrote (1260)	5/13/2023 9:52:46 PM
From: WEagle	Read Replies (1) \| Respond to of 1795

I agree with I2's interpretation of the LFVN chart. That decent with a curved bottom is just a variation of a steep decent, followed by a more shallow decent that transitions to approximately float bottom and turns up. Ted didn't specifically document the rounded bottom but it still fits his shallow sloping decent and what I have seen since I2 pointed it out to me is that the rounded bottom is very reliable. The longer term chart disguised what the chart was really doing. In addition, I don't agree with the triangle. A triangle should be formed by back and forth movements that kiss the upper descending or flat line that represents resistance and the lower rising or float line that represents support. (Of course, a triangle is not formed by both the resistance and the support lines being flat and therefore parallel to each other.) In the Elliot Wave world, most triangles have the price kiss the boundary lines five times. (Touch the upper, then the lower, then the upper, then the lower, and then the upper. Or, same idea but start the triangle with the first tough being the lower boundary.) A few might have the price kiss the boundary lines more than five times. And while the price may break the boundary slightly, boundary lines should not be drawn with significant price excursions beyond the lines. WEagle