Below is a count which suggests that today was the bottom of the collapse. If this is the case we should see a 5 wave move up that does not stop and reverse at red 4.
Alternatively, today could have been 3 of 5 of 5 with the bottoming coming at $5. In that case we should see something per the model below.
Either way I model the next short term move to be up. Gotta play the odds. If blue 4 is the next move, it could stall at $6 and that would be a sell signal with ~10% profit. That event would suggest a bottom in the $4.80 range. Keep in mind that FCEL generally trades with the "clean energy" group and that the US just agreed on more government spending to be green in conjunction with the world voting that way in the recent climate change conference. Keep in mind that government is full of crap too. They care about looking good while receiving bribes and kickbacks, period. A bunch of freaking con men for sure. Every dollar they spend doing something good means 75 cents is pissed away into a black hole of corruption.
1 comment:
Back in FCEL today at 5.5 ... it seems to be basing around here the last few days.
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