RE:RE:RE:RE:Minimal target ,low .81/.83 IMHO Just to follow up on my previous post...
FWIW, BullTrap I share your opinion that Vanc's SP will go much higher than .91 in the long run, but I believe it will be primarily driven by news, not what the current chart is showing....
StockinFocker wrote: So BullTrap, you have stated that in your opinion "the minimal target is .81/.83, the maximum is .91" and also that "It will go much higher in my opinion in the long run . It's a beautiful chart IMHO ." So let me get this straight - as a TAer, are you really saying that based on your analysis of the current chart, you can predict that in the long run (many months from now) Vanc's SP will be much higher than .91, in your opinion?
If that's what you are saying, I'm thinking that maybe you have been popping a few of those blue (Matrix) pills yourself! ;-) Or, if you're still under the influence of the red pill as you stated a while back, on what exactly do you base your prediction of a much higher than .91 SP in the long run, without speculating or assuming anything?
I really don't see how anyone can predict a much higher SP months from now by analyzing today's chart..... But I'm not a TAer like yourself, so could you please explain? Thanks...
BullTrap wrote: I simply go by the pattern . The news will play within it IMHO . So the minimal target is .81/.83 , the maximum is .91 ,this is assuming a regular pattern ,e.g: no expansions , IMHO before a pullback occurs . Then you "may" see higher highs after a pullback from the H&S approximate target . Anyways I called all this a while ago if you recall . It will go much higher in my opinion in the long run . It's a beautiful chart IMHO . Currently NPH is still in a correction and hasn't broken out from the downtrend that began on March 12 . If you recall , I labeled this Wave 4(lower degree) within W3(higher degree) . w5(lower degree) of W3(higher degree) would complete W3(higher degree) . Then retrace again but in a larger correction being W4 at a higher degree ...........Hope I didn't make ya dizzy ,lol
dart321 wrote:
That will depend on news In my opinion. If it's a block buster you will be looking at new charts is a couple of weeks