He is talking technicals however he is talking in the past tense as we are no longer overbought and the 60 minute chart is setting up nicely.
We are in a consolidation right now. My guess it's a major wave 4 and as we consolidated back in February to the 61.8% fib level at 1.40 (.71 - 1.84) from Wave 1 into Wave 2, we have now corrected back to the 61.8 level of 2.15(2.17)during this transition from wave 3 into wave 4(1.55 - 2.56).
Wave 5 will be a multiple of wave 3.
Wave 1 - .71 to 1.84
Consolidation Wave 2 - 1.84 to 1.40 to 1.96 to 1.55
Wave 3 - 1.55 to 2.56
Consolidation Wave 4 - 2.56 to 2.15 to 2.70 to 2.45
Wave 5 - 2.45 to 3.70
At which point we'll be worth $1 billion and approximarely 2/3 the GEA buyout.