Post by
kevlin139 on Nov 16, 2005 5:17pm
When?
If anyone is wondering when the real breakout is coming, instead of this consolidation pattern of, up and down. Look for follow through from a "bottom". If .23 is a recent bottom, follow through of any strength, usually happens 3 to 7 days after the "bottom". Follow through would be a significant rise in price on above average volume. If you look at the bottom a few weeks ago at .22, you'll notice no follow through within 7 days after. That would have been a sign that the consolidation phase was not complete. The furthest "bottom" candle day, would be day 1, therefore we are on day 3 tomorrow, and day 7, would be Wednesday next week. IMHO
Comment by
bull8888 on Nov 16, 2005 8:04pm
Thanks again for the TA Kev. Always very interesting.
Comment by
grantster44 on Nov 23, 2005 9:56am
The 43-101 is required for the PP.Have a great day.
Comment by
sleepydoggie on Nov 23, 2005 3:20pm
They aren't able to move the stock until everything closes.
I would expect thing to pop nicely once things close.
It will be a metter of days not weeks I think.
We must be getting close and then we will be letting lose
with all guns ablazing...
S.
Comment by
gospeltrader on Nov 23, 2005 3:23pm
I'm assuming they are as anxious as we are.
Hang tight. Not too long now.
gt
Comment by
grantster44 on Nov 23, 2005 5:33pm
Hi and thanks again Kevlin.Question:From all the positives [UNB]has going for them/us,would you have any idea re:[chart patterns,+ve news,resource stock etc.]where UNB is headed long term? I emailed the company earlier today about their long-term objectives but have no reply yet.I thought perhaps your TA may give some indication.Have a great night.grantster.
Comment by
Sevster on Nov 23, 2005 1:58pm
What's with the delay?
Why the price is so low?
As I said before, gotta be patient with this... Now is the time to add to your position. I forecasted .22 as the lowest, and today is pretty close.
Comment by
gospeltrader on Nov 23, 2005 3:08pm
It's the Venture approval. The Venture is always soo slow.
Be patient. Something good is just around the corner.
gt
Comment by
sleepydoggie on Nov 23, 2005 3:17pm
They aren't able to move the stock until everything closes.
I would expect thing to pop nicely once things close.
It will be a metter of days not weeks I think.
We must be getting close and then we will be letting lose
with all guns ablazing...
S.
Comment by
kevlin139 on Nov 23, 2005 4:33pm
Grantster, that is correct, day 7 no follow through. More important is today, a new low was set at .22, therefore the follow through will be within another 2 to 9 days, as long as this is the bottom. Follow through always counts from the most recent bottom formation.
Comment by
never96 on Nov 23, 2005 7:48pm
The final 10% of the time of a bull run will usually encompass 50% or more of the price movement. Thus, the first 50% of the price movement will take 90% of the time and will require the most backing and filling and will be far more difficult to trade than the last 50%.
Comment by
kevlin139 on Nov 24, 2005 12:35pm
Nice comment by never96. That is so true. Worth repeating.
QUOTE-The final 10% of the time of a bull run will usually encompass 50% or more of the price movement. Thus, the first 50% of the price movement will take 90% of the time and will require the most backing and filling and will be far more difficult to trade than the last 50%.