06-21-2012, 10:03 PM
Technically, I believe we are going today to establish the outer bounds of the consolidation to take place over the next days/weeks.
So far, the pullback has been almost a perfect 38% Fibonacci value. Another couple of bucks pullback would take it to a 50% value -- another common pullback amount.
That would be enough for a "strong" stock -- and given what we think is coming, IOC should qualify.
VS
So far, the pullback has been almost a perfect 38% Fibonacci value. Another couple of bucks pullback would take it to a 50% value -- another common pullback amount.
That would be enough for a "strong" stock -- and given what we think is coming, IOC should qualify.
VS