RE: RE: Ya.. We're in an impulse wave again..G0D said it pretty good there.
And yes, this pp kicked us in the head chartwise. That's the 30% failure rate of TA...if I had have known about these pp's I would have sold out before the date. None the less, what's done is done and now the charts have to get back in order.
Indicators are still pointing down on all fronts, so for those who own shares, it's a hold (myself included).
Those wishing to add, a good time to add (myself included)
EMA50 is .285 and Fib shows .27 support.
We could get a bounce off that.
If nothing comes down the pipes to change the direction, probably most likely until we see it turn around.
The good news is that the charts will all be oversold and bottomed and we will have lots of space upward for the next wave.
In summary:
Take this kick in the head as a buying opportunity.
Timelines are all off now and without news it may take some time before the next leg.
I cannot give a timeline at this time, but before you know it, the party will be back on again.
Happy Trading all.
Mediascan