Friday, March 04, 2011 11:40:46 PM
Today's action flipped up the parabolic SAR. When the SAR is flipped usually a new trend starts developing. If the SAR is above the candlesticks the stock pps usually trends down. Thats what has been happening with EGOCs SAR last couple of weeks! When the SAR is below the candlesticks ( below the pps) then a new uptrend starts. Thats what hapoened today with EGOC. Also, please look at the chart, last time SAR was flipped back during second week of January 2001, the pps jumped from .000 to .0037 in a multiday run!!!! Thats what I am expecting EGOC will do for us in the coming days, get close to that .0037 high of the year and breakout big until the next resistence which will be in the .01/.012 (200 day ma) area! Remember the entire float has been traded during last 4 days so theres not much shares in circulation!
Good luck to all who bought and much more to come from EGOC, hold tight guys and buy/sell at the ask!
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