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Re: Pepperchino post# 52901

Tuesday, 02/21/2012 9:37:09 PM

Tuesday, February 21, 2012 9:37:09 PM

Post# of 351392
Most of the time in penny land when a stock busts out in one day without a reason there is usually a pullback the next day.
That doesn't mean this is over. Consolidations...weak hands and lots of shares the last 2 days have been locked down by longs.

A few positives remain. A PR in the next few days and the charts are really looking bullish.
I like the +DM above the -DM on the DMI chart.
The -DM has been above the +DM all the way back to June of last year.

The +DM crossed the -DM before the huge volume the last few days.
Also accumulation started before the huge volume days.

IMO we are still bullish given these indicators but this is penny land and very unpredictable.

If you locked in profits the good for you. That's what we are all doing this for after all.

Go RTGV

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