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Re: TradeForProfits post# 6

Friday, 07/28/2006 2:04:32 AM

Friday, July 28, 2006 2:04:32 AM

Post# of 47
if you notice on chart, it is making highest weekly volumn ever with a cup & handle formation. from EW point of view:

EW count the move from .018-.084 as the wave 1; and it is finishing the ABC EW 2 here, the peak for the coming EW 3 is near .25; and chart is also showing a C&H BO setting up, volume is decent and constant at high level, and today's dip is showing a strong support @ 20 EMA near .047, and the 200 EMA is @ .076 today, if it can manage to close above that, then, its MT/LT trend will change, and this one has potential for more upside moves.

tomorrow might be the last chance to buy 0.05 before it doubles.

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