Wayward1,I think you are confused. This thread, when started,...

Wayward1,

I think you are confused. This thread, when started, was about the possibility of insider trading on LEI and you have turned it into a lecture about whether somebody should have sold or not given TA.

Re:

I would love to hear your explanation of how a 161.8 extension on a common double bottom on data that predates this run by more than three months is 'after the fact

Sounds like you are gish-galloping here having been put on the spot.

How about you answer my question about when you posted the target of $23 and the timing of that? Very simple question oh thee "30 years of TA".

Look at the chart of LEI I posted above. It doesn't make huge moves even when in a strong trend. There is a pattern of rise/fall and retrace each and every single day unless interrupted by news. There was a tweezer top or double top in September last year at the $20 mark indicating resistance. Surely it is reasonable to assume even you would have an idea about what support and resistance means in TA.

At the very least, given a normal market, you would have expected some resistance at this level, perhaps a small retrace and then perhaps for it to be broken at a later stage. As I mentioned above, cut through $20 like it did not exist.