I have no idea what the company known as Nathan's Famous does. But I do think the chart is instructive to market gamblers:
- How can there be any real value in stocks when you see this kind of volatility in them? Stocks that don't pay a divvy inherently have no value. They are just a Ponzi scheme with a good marketing organization known as Wall st.
- Stair steps up, elevator down.
- 5 clear EW marked the top of this Ponzi.
Look for a bounce at the 61.8 fib but if that doesn't happen then this thing has mania chart written all over it.
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