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Re: NickXIV post# 34800

Sunday, 02/28/2016 6:46:34 PM

Sunday, February 28, 2016 6:46:34 PM

Post# of 195330
I disagree about a sharp pullback. Obviously anything is possible, but I believe that there's still too much buying interest, and new potential buyers waiting for that confirmed break above .05 to buy. I think the other 2 scenarios are more likely, which is continue up (and at a more rapid pace due to short covering and new buyers jumping in so they don't miss the run), or we churn between .045 and .05 for a week or so before the shorts start to get nervous and begin covering (triggering the next big leg up). Just my opinion of course, but based on the high level of interest here.
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