On the other hand, if the blue trap zone is broken down instead, then the trend reversal will fail !
The market will tell us its choice later. My view is the breakout and the trend reversal in ETFC is very possible, if not 100% sure ! Here is another recent post related to ETFC.
thanks and hope you are right again
ReplyDeleteFinancial secretor running out of steam, it can’t support market up; today market will confirm down trend, if not reverse before close.
ReplyDeleteJZ
JZ, I agree. The 1980 is broken down as mentioned last night.
ReplyDeleteTiger
yeah right
ReplyDeleteWhat got my interest at first the most was of course the huge spike in April after a long downtrend but really the double bottom that started on 7/8 and finished at 7/13 with a dragonfly doji(www.candlestick forum.com)all at what I saw was the equilibrium for the last 8 months. Then the breaking of the trendline another confirmation. Todays attempt looks almost like another doji ready for the next leg up. I am hoping there is an arc starting in Aprils high going to its middle on 7/13 and now we are in the second half of the arc going up which would put us at three in 4-8 weeks. Also the next spike could be much more powerful than the first spike to 3 in April too with such a long arc I would not be surprised. But alas, I have never been right, there is probably no arc and I will be just another idiotic ETFC baghold
ReplyDeletehave been following this stock since 1998 and it had alot of competition then and naysayers but it went from low to high and made people some big money over the years. It was for the new breed of investors, those wanting to get away from the old school brokerages. Now its main competition in my opinion is just Schwab and Ameritrade(I have been with AMTD since before waterhouse)and ETFC is a survivor. With their platform and branding, when and if they get their losses cleaned up, finish their restructuring, and resurge cleaner and meaner, then if a great Bull returns to eventually take out the 1999 NASDAQ highs, after 10 years of trouncing, which history seems to dictate(kind of like real estate always goes up when you thought back 20 years ago it would never go higher)and ETFC goes global which was their direction, my answer to you would be that with the narrowed competion now and potential growth and multiple and splits potential over the next 10-20 years, I like the risk/reward here.Probably not for the faint of heart.
ReplyDeleteCharts are telling me we reach $2 in days not weeks possibly gap up with it. Then retract and then on to $3 in a few months at most. I also reiterate gamblers check out MESA and VTSS for possible breakouts. Volume starting been dormant for a long time could be big returns, also like FRE alot long term after the short term profit taking. I have never been right ever.
ReplyDeleteThis is what I see in the charts. The two year chart looks most interesting to me. My prediction is we will be at around the $2 high set in in June in short order then retract, then move to $3 high set in April not too long after that then retract, then move to $4 because that is where the central equilibrium point looked to be holding in June 08 before we started the ascent downwards. Then we should trade sideways awhile. Then if the stock market explodes next year which I think it finally will after 10 years of drubbing, and this company can get its act together which I think is possible, this company has the potential to go alot higher, IMHO. Only thing is my predictions have never been right.
ReplyDeleteI think the key is 250SMA, keep watching its development. Could be a nice bullish run up.
ReplyDelete