Kroger COMPLETED LONG MM's

Now, we enter the meat of our efforts.  Which MM's, on BOTH sides, have completed?

FIRST, our longs:

http://tos.mx/vgyWLP

OK, in this chart, dating back to to the week of Oct 14, 2002, Kroger shows us a low at $5.5 and a high at $15.97.   KEY LEVELS:

50% line:   10.74 and our 

61.8% line at $9.50.   PRICE MOVED into the 61.8% line and front ran it by a few points and bounced (reversed) at:

http://tos.mx/7FqOqs   >>>>>   $9.54 on June 7, 2010 (week of) and then moved up again past the $10.74 and "zigged and zagged" around the $10.74 (50% line) as can be clearly shown here and buyers came pouring back in and moved price up past the 38.2% line and it shot up to its first weekly target at $18.44 and actually moved PAST IT and it hit its -61.8% line, which is called an "over-shoot" level...BUYERS WERE IN CONTROL then all the way to the highest highs shown in our chart.

 

Next up, a daily bar chart, showing what happened after that.

 

Remember, each successive MM is followed by selling back "down into ranges."  And then either buyers take control or selling sets in which could BREAK longs.  If longs are broken in a weekly or daily chart (over a period of years) then something has happened fundamentally and our charts will show SHORTS taking control.

 

DJ