­

Sunday, March 11, 2007

Ice .$123 Bet the Farm.


For me Ice is a no brainer. I see $123 and I’m ALL IN. As they say in TEXAS hold’em.
And the reason is…The steepness of the 50 day. ( “The Thin Red Line”)
To hit $123, Ice needs a one day blow out event.
But the one buy signal, that stockcharts, has that no one in the world has,
is the ability to draw that 50 day line on a 2 month, chart.
And when the steepness is 30 degrees like it is for ICE,
( it’s the strongest buy signal in the charting universe)
It tells me .. impossible for ICE to go to 119.
119 is off this chart, and 100% of all charts I’VE seen like this , prices never go off the chart.
So, That eliminates everybody else’s 103 to 119 forecasts.
That leaves 120 thru 127 to deal with, as the bottom, because I already know ICE price is not going off the chart.
$123 is Jan low, and a double bottom is always a great buy signal.
Downside ICE goes to 120…..WHO CARES!!!!!!
ICE MINIMUM gets back to the 50 day = $138 [ that’s $15 higher],
and more likely, ICE enters the 20/50 zone.
ICE gets stuck in the space between 50 and 20 day lines.
This happens a lot to stocks, (I don’t know why)
20 day exit price is a whopping $25 higher at $148.
and If ICE closes the GAP at $159 it’s off to $205….ICE has the EPS to get to $205…




I’ve put NFX UP HERE AS THE POLAR CASE to ICE.
As you can see, NfX had a 30 degree descending red line. (50 day). It failed.(@$44)
The greatest PUT signal in the world, I’d say.
I was wondering what happened to NFX. NFX was always a star in my portfolio.
It seems, NFX has suffered catastrophic EPS, changes. Enough of a change in EPS to retest $34

No comments:

EMAIL ME !!! anytime