Sunday, June 14, 2015

Nice EW chart [NATH]

I have no idea what the company known as Nathan's Famous does.  But I do think the chart is instructive to market gamblers:
  1. 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.
  2. Stair steps up, elevator down.
  3. 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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