Ed, Hot Topic!!! CHART READING FOR CWA AND DML.
First, CWA, CWA has been in the down trend since that CARATWAY I, investors pissed off, and general market evironment depressed, gold hit 18 years' low, and tax sales pressure ,CWA hit record low at.11, and then general market environment improved, gold presented a bit of bullish hits $315.00 in Early April , Silver even hit $7.90, CWA built a strong base for nearly five months, and a beautiful ascending triangular breakout with a neckline right @.16, that ascending triangular breakout tells me everthing that CWA is for sure bottom out @.16 [as you can see CWA stood very nicely and very supportive right .16, for this 18-20 days; HAHAHA!!! there are many good chartists in this world.], CWA even attemped to go higher and reached that .25, [see my previous posting for the reasons why it would reach .25 ]; it even showed a beautiful open gaped up right @.21, and then CWA at one day showed a open gaped at @.24, and then CLIMBING BOWELS UPSIDE DOWN [SOME SAYS REVERSAL CLIMBING BOWELS, it is very appropriate.] but climbing bowels upside down patterns has more direct meaning, you know bowel is to hold food, rice in the Oriental, if it is upside down climbing bowels pattern it indicates that the bowels can no longer to hold everything, because it is upside down, you see what it means, so CWA could not hold that .24, and .24, and then again general market sentiment worsened again, DML went down to 1.50, NAI to .70 and gold went down to $291.60, and silver went down to .$4.92. But CWA stood very nicely NO SWEAT AT ALL, @.16, this tell me again , that .16 is the bottom that you all can get from now [I bet you will not have much of a chance cuz not many shares wiLL be for sale at .16, YOU HAVE NO CHANCE AT ALL, SO THE NEXT IS .17,....18....19 ETC...], last Friday in the market place significantly happened I have noticed it: that is that silver market had a very significant key reversal day, a very significant CLIMBING BOWELS PATTERN, OPEN GAPED DOWN AND CLOSED FAR ABOVE FROM THE LOW OF $4.92 IN THE EARY MORNING.SO IS OUR DML[WILL PRESENT ITS CHART READING NEXT POSTING FOR DML], AND MORE IMPORTANTLY SILVER ON FRIDAY CLOSED ABOVE ITS FABANNACCI RETRACEMENT @5.085. MY GOODNEES, IF THAT SILVER CLOSED AT $4.92 FAR BELOW THAT FABBANACCI RETRACEMENT THEN I WOULD CALL BYE-BYE BULL TREND, AND HELLOW BEAR TREND, I WILL SEE DML .65 ....35, CWA .10, .09 .0.8; MY GOODNESS, WE ALL LUCKY ENOUGH TO SEE THIS HAPPENING ON FRIDAY. As you know Friday is a month ends, June GOld contracts rolled over into August contracts, and on Friday plus month end every speculative accounts especially those borrow money from their borker for 21-30 days have to close their books by all means this is resources problems of sellers, not real market problems;as result of this and after evrything is settle down, books closed losers took losees, and what WHAT ?????? THE REAL MARKET PICTURE RESUMEED THAT IS WHAT REALLY HAPPENED ON FRIDAY, DML HAVE THE SMAE PHENOMENON,TOO. CWA stood that cruciall test of FABBANNACCI RETRACEMT TOO, THIS TELLS ME THAT CWA UP TREND STILL VALID, WE ARE LOOKING FOR .17, .18,.....23., .25, AGAN, AND THIS TIME IT WILL BRAEAK THAT .26 AND THEN .65 AND THEN ..........>>>>>>> TO THAT 2.50 SO THAT MY one million dollar man formula will fulfill.
This is the last call. LADY AND GENTLLEMAN!! dO'NT MISS THIS cwa BUS, ...
oF COURSE THIS MY CHART READING, BUT MARKET TELL YOU EVERYTHING. That is all folks!!!
Good luck for Monday trading. I'll see CWA .18, .19 |
