Time Price Momentum is measured by simple moving averages. There is a trio of 3 averages for each Time Price Level. Yes there is momentum on all Levels to one degree or another but that gets way too confusing very quickly so I'm just using Level Three here.
The Relative Velocity on Level Three is +3 which is the highest reading on a scale of :-3 to +3. However; the Absolute Velocity is zero. Currently there is a lull of momentum which will create a dip most likely to around 1.07 or so. That wil take ZLCS to the Time Price coordinates of: 6U 2D (chronologically) at the floor of the dip.
Then the rally will start up again. The upper price target is above 2.00 with a few stops along the way there.
Time periods are variable in such price patterns as this. A precise measurement at this stage would be like checking an intersection for traffic a day before your cross the street.
The dip needs to run its course and volume also now becomes more important. Large volume could bring ZLCS down to the bottom in one day or small volume could keep it drifting longer. 3 to 5 days is the average as far as I know.
hey slug, i dont disagree with u on the .90s (i was hoping for them last week); but after the bounce from 1.03 that could change things ... almost seems like Wedbush doesnt sell once it gets to a certain price ...
i added a few thousand at 1.12 yesterday and will wait until its below 1.10 to add my remaining amount ... waiting for the perfect price on this guy could end up on a missed opportunity