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Monday, October 06, 2014 1:12:44 PM
Last week the 50 DMA broke under the 200 DMA, a major trading signal of weakness. Lower lows and lower highs and vol down to a pittance, except it spikes on large sell-off days.
End of year has typically not been good on this one. It made it's all time low of 6/10ths of one cent in Dec last yr, and broke into the 1.X penny range in the couple of months leading into that- just about right now on the calendar.
Always makes me wonder if end of yr is not when a lot of the convertible debt holders and other holders of the cheap issued shares do some major dumping? I've looked at charts and seems a pretty reliable pattern to me, but who knows?
Will have to see- but the technicals look real weak here IMO.
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