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Wednesday, January 07, 2015 11:03:15 PM
RSI needs to reset a little, closing in on 80
Agreed. Big time agreed… …best for all for the sp to take periodic breathers, consolidate, and build a stronger base at periodic intervals. We are seeing only about 1M shares (+/-) at each penny increment, which is OK but will prove to be flimsy as the runup continues higher and higher and more profit-taking takes place. Eventually, without a more solid base, the 1M shares at each price level below us will break easily and investors/traders alike will fall victim to the false security of false floors that may appear to provide support initially but don’t take long to break altogether.
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