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Friday, February 05, 2010 10:27:55 AM
Of course, this is an event driven stock (well duh, most pink sheets are) and verifiable information from Dean and Co trumps charts in this situation. I'm not holding my breath to get anything within the next couple weeks, but of course, it'll be nice if it happens (especially with something verifiable!)
Charts are just trailing indicators. If you're playing both sides of the coin, going bullish or bearish by the charts, we're still in a bearish trend. This last consolidation after that 4 day rally was needed to push us to higher levels. The higher the rally, the harder the fall. As seen below, we want this to hold above .0211 and hopefully spring us past the .0239 levels.
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