Tuesday, May 06, 2014 8:10:50 PM
We must break and close above .0028 to break free from the long term down trend which has been in effect since 03/18 ...
This would be a close, above the upper trend line, and signal a significant reversal ....
If we close below .0026 it will most likely continue into the mid/low ones ....
At the moment it could go either way, we are teetering on the edge (again) ....
However, The deck is tacked against us from a charting perspective with the spike we had today hovering over us like a nail which is ready to be driven down ....
But then again the tip of the nail could be a north star ....
But, relax, it's all good, this is just what sub-pennies do ...
So , get some dry powder and keep it ready .....
Most likely we will close @ .0027 just to keep us hanging on the cliff ....
11:11
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