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Re: cazual post# 1889

Sunday, 10/04/2015 1:17:24 PM

Sunday, October 04, 2015 1:17:24 PM

Post# of 20580
Retracements or dead cat bounces usually are at least 40% of the difference between the previous base and the new high or new low. In this case the difference is 0.068 multiplied by 0.4 (40%) and add the 0.0012 with it to get the new price. This should be at least 0.028 and is the primary reason why I bought into the stock as the RSI normalizes again. Weekly is still down below 30 and needs to reset as well. We get news and it will go higher than that over time. This may take 2 weeks to reset but its good odds. Playing this only for my Las Vegas and vacation fun money!