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Wednesday, April 08, 2015 2:57:49 PM
I like those words Ospreyman… and man you bring a lot of followers.
And yes, I think that reversal pattern you mention also includes a nice trend line of Resistance derived from the Weekly Close of the SCHOTT announcement a year ago. It appears the line will give us a few weeks of accumulation around the .002 area, and in the process, forming a strong Weekly Bottom. Additionally we oversold on the first leg down in March and indicators seemed poised for the accumulation.
Yeah, we’re due for a bounce.
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