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Re: Sub Atomic master post# 38058

Tuesday, 08/04/2015 7:45:15 PM

Tuesday, August 04, 2015 7:45:15 PM

Post# of 718576
I think it would be unlikely, not impossible. If I had to quantify how unlikely I perceive that outcome to be, I would say at best 10% probability of that occurrence, and in my opinion that is very giving. Just my opinion. I think there is a great deal of support at $10.70-$10.50 which is very close to the 50 day ema ($10.45). Then below that $10, and lower would be $9.50. Even if we went down to $9.50 the trend would still be intact. The previous low during the last MACD sell signal period was $9.48. We are at $11.00 and this MACD sell signal is getting long in the tooth. I personally don't think we will go below $10.50 before the MACD signals buy. I could be wrong, I could be right, time will tell. I did buy @$10.37 during the flash crash.
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