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Re: jbem777 post# 20991

Tuesday, 09/02/2014 2:57:22 PM

Tuesday, September 02, 2014 2:57:22 PM

Post# of 48316
Not fundamental driven...ok, well...maybe even a newsletter pump that got folkks interested? but whatever this rally, if it was just technical. I would be seriously waiting to see the next Resistance area whack this back down again, to retest the 43 zone again. But right now, If I see more buying effort , take price back up into a resistance wall at 53/54/56/ etc...and bounce and fail, I will sell some in this zone and expect the pullback to rebuy at 43 again. that would be the technical pattern play, but the decision is really technical in that way. money wise it might save me 700 dollars. no big thing.
waiting for pullback , yet to come.... wouldnt happen until this rally tires out, in one or two more pops, a little bit overhead. like a pop and drop move tomorrow maybe. a retest back to the 43 area again,is what I would look for ,..... not reassuring right now, its early in the watching and waiting for this move today..... a fake out pop tomorrow maybe the trigger. nervous now in this 52-56 zone.