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Re: TA: Tril - 1 x 15 chart- latest behavior tendencies/// teauxjam"and the chart says - buy, sell, hold or.... " --------------------------------------------------------------------------------- teauxjam, Could you answer a few questions for me? Like... How long have you been a member of the Biotech MB? And have you had me on Ignore for most of that time ? Or have you read my explanations on TA and either not bothered to apply them or found them to be too plebeian for your consideration ? Do you know that most of my charts contain Fibonacci Retrace Schedules ( both up and down ? Do you know what a Fibonacci retrace Schedules looks like (either up or down) and can you see them on my charts ? If you can see those Schedules, let's take the time to look at the Down Retrace Schedules (in Red horizontal lines. Now, riddle me this : Every time that TRiL starts to retrace down off of a cyclical high, which one of the down retrace levels does IT HIT WITHOUT FAIL? ( Hint: try the 38.2% down ) And after that, what does the behavior tend to do ? Now, can you see the Full Stochastics Indicator (FS) above the PPS part of the chart? Can you see the blue arrowed line annotations that I have added ? Now, when the FS starts descending off our its cyclical top, it might not descend all the way to the bottom. Do you see that ? As I have said (multiple times over the past 3 years) when the FS "stops it descent midfield and reverses to the upside," what happens to the PPS ? Do you see some of that? All of that? And, from that simplified rendition, what might we be looking for? We are waiting......... We are waiting for a midfield reversal to show up in the FS. In the meantime, the PPS is going to waffle up and down as the Market looks for the next opportunity. Could the PPS get jammed down to the 50% FIB level ? Of course it could. This isn't horse racing where you have to put down your money before the race commences. This is where, once out od the gate, you wait for the goddamn animal to show signs of life before you put your money down. (In dog terms ? ...... "That dog can hunt") The technical term is "bullish crossover." If you have no memory of me endlessly posting on that subject, I suggest that you go on a google trip. And a post partum note : TRIL must be run by Swiss refugees. Hit a high, instantly set your sights for the 38.2% down. Clockwork, baby. ( Doing that 4 times in 2020 would have yielded some $7 per share in profit) |
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Msg # | Subject | Author | Recs | Date Posted |
34545 | Re: TA: Tril - 1 x 15 chart- latest behavior tendencies/// teauxjam | teauxjam | 2 | 9/28/2020 6:25:37 PM |