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Monday, January 18, 2016 4:34:50 AM
If you look at this graph its shows that we still could have some considerable drop in stock price as the stochastic cross over going down depicts this.A huge up volume day and a follow through next day would negate this trend.We are barely hanging on in the point and finger chart which depicts the descending triple bottom breakout which is extremely bearish.This weeks trading is extremely important, my bet is we get a sympathy snap back bounce and gives us some relief of the blood letting that went on last week, but, still in a bear market so be on guard.A wise piece of old trading advise, "if you feel like doubling down on a losing position, go slam your dialing finger in the drawer until the feeling goes away".Good luck in trading and what most people think they know, ain't worth knowing.Remember, these hedge fund guys that talk on bubblevision are used car salesmen, they'll sell you a pair of running shoes with a hole in them and tell you its the finest of holes you'll ever find.
http://stockcharts.com/freecharts/gallery.html?s=opk
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