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- Last Update: 21 January 2021, 17:40
I guess it beats digging ditches, although I used to enjoy digging and breaking rocks and stuff as a young man...
Really, what I am seeing in a lot of charts right now is that the top of the trendline is coming up in the mid-February time frame. I cannot really put my finger on it, but I make chart after chart lately, and all of the resistances are around that area. I made some Cannabis chart the other day for my friend, and I made a new SOXL today, and they both tell me that. So that is what I am logging in to post to people. Be aware of that timeline for lots of parabolas to correct.
If a stock is up 2-300% in a year, is it really that farfetched for it to drop 50% or more in a short time? That is what we are looking at in my opinion...
One interesting thing is that I drew some trendlines on the GBTC chart a while back and now the bottom trendline appears to be lining up perfectly with the 200 and 250 that are oh so important on so many charts. It is maybe chart 8 on the front page? I dunno. Check it out!
Good luck to you in trading and in life, and thanks for coming by! - Johnny
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