AI
Friday, February 26, 2010 9:24:01 AM
fwiw, I mis-labeled the current resistance, which is .0029, rather than .0028. The .0029 resistance is 5mo old now going back to October. Progressively, it can be seen that by now it has lost its effectiveness in turning back the stock back down to .002.
To answer your question, yes, V always has to be part of every significant move higher. Obviously, OWVI is on the radar of every significant trader entity who plays the Pinks. The current consolidation is not lost on any of them and the way it's tightly clinging right at the resistance line speaks for itself. When it can't go down any more, it will be taken up to open up new trading opps. Just a matter of time now.
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