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lol
what?
"In my opinion the favor is to the down side, because we have both the 20 and 50 day moving averages riding inside the pattern, providing additional resistance above current price action at 174.56 and 17.96 respectively."
What are you talking about you fool? The 20-day MA is at about 169/67, and the 50-day MA at 170.22. In fact, the 20-day is crossing above the 50-day today. Resistance? They're support!
Ern, I suggest you return to the wilderness - you're obviously looking at your charts upside down. Or maybe you just haven't got a clue.
Your advice is toxic to investors. You consistently screw up your TA and mislead people, only to apologise when you are caught napping at the wheel having crashed into the TA barrier ahead.
Words fail me.
PS - look for the typo in your numbers; $17.96 - really?
zach's mojo is to post on thing in one article and then a different scenario on the blog or in another article...
then, whichever scenario pans out--bam--he points to the text and says "as I said..."
he's always right and his sheep follow right (or wrong) along..
hind sight has 20 20 vision... easy to find mistakes . . . i will look forward to the ed and tommo-uk posts for expert guidance here tomorrow. how bout a prediction on the closing price today ?