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Re: Ohmmm post# 22155

Friday, 06/06/2014 12:48:15 PM

Friday, June 06, 2014 12:48:15 PM

Post# of 43286
Maybe. But it’s all about the quality of news…

The Daily Chart is showing 12-weeks of consolidation by a narrow-sideways-channel ranging between .0175 and a penny with Resistance now at the 50MA at .0147 and 100MA Support at .0108 and substantiated by the SAR at .0109… with pricing tightening up between a cent and cent and a half the last four weeks.

We’re going to break either Resistance or Support, but when… and what’s going to be the driver? Will it be unexpected news of the meeting? Will it be news of the Army’s Night Vision & Electronics Sensors Directorate prior to, or after, the meeting?

Anticipation is driving the PPS now in my opinion. And if history repeats itself a similar 12-week accumulation period broke with news last March… SCHOTT news!
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