is this what the short term future holds?

Hi friends,

I first posted a chart of MOG prior to its announcement about the farm in agreement and asked whether it was an interesting technical chart.

Now that the price has jumped and has begun to fall back after the announcement, I'd like to ask friends in this forum another question: "What does the short term technical future holds for MOG? Is it a goner until after the drill? Any prospects for a technical rebound anytime, or better to quit this stock?"

To try to answer this question, I tried to look at the price of MOG casted in the form of its price cycles, backtested the cycles correlated to its past to see whether they matched, and then made a cycle projection of its price. I also tested the probability of the future projection occurring by means of looking at its bartels reading.

The result is as follows:



Results
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1. The cycles chart is well correlated to price with the cycles chart corresponding to price movement very well at most points. In other words, the cycle projection depict the price movement really well and it is reasonably acceptable to use the cycles chart to project the price movement.

2. The near future cycles projection shows price to dip to sideways somewhat before taking off again upwards as marked on the chart with the comments shown. If this is true,then prices will soon improve again.

3. The top 4 bartels readings were high- ranging from 87.67 to 96.49 suggesting a possible dependable cycles projection.

Hmmm.... friends, is this technical chart any interesting? Should we react to this pullback in price adversely in the light of this technical representation? What is your valued opinion?

Cheers,

dascore

PS. Please note the disclaimer below my signature line:)Thanks