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Re: Mikey Moneys post# 105905

Saturday, 03/28/2015 7:50:11 AM

Saturday, March 28, 2015 7:50:11 AM

Post# of 123644
Smart money buys when the sentiment of the investing public is fear. Smart money is selling when the sentiment of the investing public is confidence... Those are words of wisdom of the late great "Joe Granville." Lol, he was a character!

IMO, a notable accumulation pattern started in early February. If Joe Granville's investor behavior pattern is right, then it looks like the smart money has been securing their positions in MRIB. Just a matter of time before the investing public sentiment meter needle starts moving into the confidence zone...

By the way, Joe believed in the power of technical behavior of the markets over that of fundamentals...

MRIB$$

Chewie

Note: My opinions in this posting are just that, "opinions." Please make your own investment decisions. Happy trading, and best of luck to you with achieving prosperity.