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dmlabuda

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dmlabuda

Re: V63 post# 42

Wednesday, 05/30/2012 12:28:59 PM

Wednesday, May 30, 2012 12:28:59 PM

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MRGE, in my opinion, is a serious Bear Market right now. I would wait patiently for some indication of a market bottom before getting too excited about it. If the recent gap on the Daily chart turns out to be a measuring Gap, the price could continue to fall all the way to $1.50 or even a little lower before Firm support is found.
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