RE: RE: RE: RE: RE: Shorts knocking down every buy DC: The good news comes...and then it goes ... and the price is basically unaffected. It can be very discouraging, especially when you know the company is taking all the right steps.
I always look for something hopeful and sometimes it's with Tom Bulkowski (He is really awesome.) who has the keenest and most studied eye when it comes to charts:
FLAT BASE IDENTIFICATION GUIDELINES: 3. Look for price movng horizontally. 4. The tops and bottoms of the flat base need not be horizontal as required in rectangular bottoms. 5.The length of the 'flat base' can be of any duration, depending on your scale (intra day, daily, weekly) the longer the better. https://www.thepatternsite.com/FlatBase.html
In the 'old days' we would say, 'Any port in a storm.' Combined with BrotherMacs posting the other day from Peter Lynch I am buoyed by the prospects that one day investors will be rewarded. I can't help but be reminded of the predictions that were made in Dec 2011 that by the end of February (2012!) the price would be taking off (I think $6 might have been the call)...remember how we waited for that? then it was September that perhaps 'it' would happen. ? Yet here we are another year later with no relief in sight.
The chart is forming a rather odd configuration which makes me wonder if we are setting up FINALLY for some movement. $1.65/$1.68 might just be the low and that $1.71 is a great Fibonacci number to set up the right side. LLEN has got to be the most difficult chart to figure. The closest I've come is this Bulkowski 'flat base' formation. And the techs (crosss section of them) say that the 'right' side should mirror the 'left' which means it will be a long slow slog up...just as we figured.
I've decided to bail every time we have a 'spike'...thank God we do get them every so often....then wait several weeks for it to base again and buy back in.
(Probably just about the time the price will rise, the S&P will plunge 20%.)
Sharpei