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Thank You, Oyster


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SG dong AMCC at 3.45

 

Bullish LT wedge formed

 

1 billion cash

0 debt

1 billion market value

below book value

 

Cash drain is declining big time

 

They are giving some of these companies away here gang...

 

Good luck

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another horizontal triangle -apex 877

 

target 869-870 on break down.

 

The triangle is most likely b wave consolidation

 

followed by c wave thrust down to 870 area to complete

the a,b,c corrective move from 886 to 870.

 

then the thrust to higher levels 896... 911 area.

 

BB 975 level is VERY VALID

 

i. .50 level from 10/10 768 from 3/02 1174 is 971

ii. from 788 to 896 (a); 796 to 843 b wave; TARGET where c=a*1.236 is 975

iii. 10/10 lo 768 to 12/2 hi 954 (a); 12/2 954 to 3/12 lo 788 b wave; TARGET where c=a then 974

 

TWT

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Answering last question

 

E waves dont really give you time, but I can use fibonacci trading days to help there....

 

SG believes if we gap up and over 26.25 on Q's this afternoon, it fully confirms my wave count big time.... and we head to mid 28's early next week.

 

I dont know for sure the time frames though.... suspect we saw bottoms today and now its wave 3 up.... all that matters is I have a target zone on the wave.

 

Good luck.

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Ka-ching! Covered that short scalp from yesterday. I guess that was too long to be called a scalp tho. :lol:

This geopolitical trading is much kinder to me than the normal stuff. At least I can understand wars, famine and pestilence.

PE's of 300 make my head spin. :P

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