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Re: 123tom post# 4169

Thursday, 05/14/2015 1:49:45 PM

Thursday, May 14, 2015 1:49:45 PM

Post# of 34711
I think the true run was from .20 to .32. The dip to .17 was just that a dip on very little volume. The majority of the consolidation was between .19-.21 in the 3 months prior to the move and the big volume started right at .20. On the upside, it touched .33-.34 for about 5 minutes one day. The consistent heavy selling was at .32. The true double is somewhere in the high 30s--48 (200 day) Therefore, I think the true pullback is a consolidation in the .27-.29 range before we move up to test the upper end of this range.
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