It became quiet cocerning the use of Gann fanns. A couple of weeks ago many studies had been published. Now they seem not beeing favoured any longer. Let's try them again. I know there is a correlation with gold. But the potential of PAL is high due to the penny price.
Comments
motleifaul
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PAL didn't develope. That's why I closed it with little loss. It makes no sense to hold it when gold and silver are on the rise.
RomanTezky
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..Now it does..i m in at .41 and .44 before christmas..not sellin ll hold and make more then on some gold..
motleifaul
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Thank you for your comment. Yes, the Gann fans proved to work. It seems that one should more patient when interpreting it and to wait for a confirmation by another sign.
motleifaul
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And thank you to draw the attention once more to PAL.
It seems to me that we are in a slowing downward phase which will slow down further and end in a sideward range that may last until the beginning of February before an upward correction will follow. After this we will watch whether the downtrend will continue and we see the 0,40 or whether -and I prefer this- the uptrend will renew wich will result in 0,82 at least within one month's time.