RE: TA AND CHART FOR MONDAY
Here's my TA for the next 6 months (I graduated past the daily charts). Ha!
Last week we temporarially lost navigation systems which threw us into the 'no-brainer buy and hold candlestick pattern'.
Now for the next 6 month TA Pattern
>>> $5+ (maybe higher)
>>>
>>>
>>>$4+
>>>
>>>
>>>$3+
>>>
>>>
>>>$2+
This has a very tecnical name that some may not understand. It's called the "$2 range in the rear view mirror candlestick". Some refer to it as the "NASA Shuttle liftoff candlestick". This normally tends to occur when a coal company owns over 300 million tons of met coal...is quickly going into production...has no hedges...will easily finance...in a market where coal demand is growing...and supply is not keeping up. Pretty simple TA really. Seat belts required for the 'gap & snap' whiplash affect.
Geez....this candlestick stuff is easy. Ha!
Badog