-
Share
12,407 Posts.
85
08/03/11
10:50
Share
the way i see it, charts usually give a good indication of what is going on.
the cup that we are just carving the side of today has taken 3 months to form, and can be read thus:
jan - insiders getting set forms left side of cup
feb - lull as negotiations begin, leading to base of cup
mar - negotiations advance, leading to right side of cup
after today, we should see a handle as we wait for settlement.
come settlement, we should see the breakout. already the target is at 59c. the higher we go today, the higher the target will be.
a 51c close would be right on the pitchfork trigger line, and suggest a target of 65c
its all there, lets just see how it pans out
-