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Валгрин Ко. Message Board

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  • h5n1eric h5n1eric Aug 29, 2012 4:16 PM Flag

    Waiting for low prices, much lower

    sure looks like a "cup-handle" formation, to me (but other crack analysts say it's a double top, with a 33.30-32.80 target.)

    Not that I'm a prisoner to 'charts", but it is interesting...check out the late 2010 cup-handle pattern...the handle took 2 months (of sideways action)...then shot up, from $34 to $44 (and well, the ESRX / Boots stuff whacked it back down)...

    ....So, here we are, going sideways, for the most part (for a month)...I'd say we have a month to go on this "handle"...with a $34 "possible low", IMO >>>...Then resume higher, IMO...maybe $40+

    (I've got some large buy orders in at $34 / 33.50 / 33.... ON AUTOPILOT...Be my guest)