RE: RE: Perspective/better chart / Kool Aid Hi Laurant. Thanks for your post. I am sorry if I created a misunderstanding. When I referred to "ALL" in my last post, I used the term to refer to "all board members," nothing more. In specific, I was providing "everyone" with a link to a chart that I couldn't get to legibly load in the message space provided. As to Wof's recent heavy top volume noted in your post, I think those were more likely heavy hitters investing rather than unsophisticated buyers chasing a blowoff. Either way, from a techical perspective, WOF's very short duration move from .28 to .38+ (about a 26% upside rally) all but required a reaction correction, which I believe and hope is now completed, or near completed. Retracements and corrections following major (i.e 26%) rallies seem to be the rule, not the exception. They provide for an orderly market. Wof's current retracement has been very orderly. Now, I would expect some consolidation at these levels and then the next leg up to resistance at .38. Hopefully, we will breakout over .38. If not, I expect we will retrace again and then make another run on .38 resistance. Previously posted charts on this board have shown that we recently went through this same rally and correct process breaking out from previous resistance, most notably at .25 and .33. I don't see the current retracement as anything different. In the meantime, of course, financing news will change all of this, at least for a time, and then I suspect the chart will resume its normal course.
I'd like to address your second question more broadly. There, you raise questions requesting answers regarding the impact of WOF's broker presentations, Dundee involvement or not, who buyers or sellers are, and the like. As a technical trader, I haven't the faintest clue to what extent, if any, these factors, or any or all of the multitude of other factors that are legitimately raised, cause share price to do what it does. Nor do I think anyone else knows. That is pure speculation. The only thing that isn't speculation is share price. Throughout the day, and day in and day out, traders try to value news and circumstance to reach price. Literally, each trader assigns a differerent value to the multitude of factors involved and constantly evolving, and then they buy or sell at the price they assign. Thus, the only final common denominator of all the "factors" in motion is the price at the end of the day. This represents the consensus of all thought. Thus, as a technical trader, I am not so much interested in why prices changed, but, rather, how they changed. Stated otherwise, technical analysis is based upon price movement, not why it occurred. From there, tools of technical analysis are employed in an effort to project future price movement. In all of this, I am not trying to sell you on TA, but rather to simply explain my thought process and the basis for my posts which are undoubtedly as good or frail as the next guy's. I hope this clarifies any misunderstaning I may have created. My opinions are not intended as any more than that, sheer biased opinion as a WOF long. Thanks again for the post. In the meantime, good luck to all (longs!) Seg.