RE:RE:im starting to get a feelingThat's a dangerous mind set, so sure you're right and others are wrong. I got similar treatment the other day when I brought up retracement levels after we set a new high 2.97. People were harshly calling me wrong while the price was around 2.50 heading down. Was a near perfect 60% retracement from the high to the low of 1.87 on that dip last Friday. Thanks Fibonacci! Probably would have closed lower too if that manipulation last minute of trading to keep us closing above $2 as to accelerate the warrants didn't happen.
From the action today, which I feel had more to do with the broader market down trend (after Dow hit 26k) than a pot sector specific down trend. Notice how almost everything moved in unison today? I think either a broader market correction is coming, or pot sector consolidation, interspersed with company specific news driven pops.
Just my opinion obviously
1troffer wrote: keepitrealhomie wrote: we may test the 1.50-60 range again...the convergence of the averages, ADX dropping, CCI has dropped but only slight reflection of action from yesterday and friday. Probably waaay too early to tell, but me think some big players are frustrated they missed recently and now see the true potential here. i could very well be wrong, but hmm....
you are correct about one thing, you are wrong.