Saturday, August 05, 2006 3:43:15 PM
waycokid
FGFC
You have just brought the typical bottom bounce play chart to the board.
Each time something is PRd just a little positive and the price starts up, the long & strong bagholders sell like crazy to try to get some losses back, to the new retail herd, looking for the bottom bounce play.
That's why you see the strong 1 to 3 day flag poles and 50/61% FIBs retrace after. This normally can be seen happening 2 to 4 times over 2 to 4 months. Usually with slight higher highs & higher lows. Then longs give up for a real comeback and it walks down to zilch, as they just dumb. Increased volumes on walkdown, signals the end.
May become a M&M money amchine channel after.
FGFC
You have just brought the typical bottom bounce play chart to the board.
Each time something is PRd just a little positive and the price starts up, the long & strong bagholders sell like crazy to try to get some losses back, to the new retail herd, looking for the bottom bounce play.
That's why you see the strong 1 to 3 day flag poles and 50/61% FIBs retrace after. This normally can be seen happening 2 to 4 times over 2 to 4 months. Usually with slight higher highs & higher lows. Then longs give up for a real comeback and it walks down to zilch, as they just dumb. Increased volumes on walkdown, signals the end.
May become a M&M money amchine channel after.
Success !!! 
http://www.investorshub.com/boards/board.asp?board_id=3972 Welcome to my mind!
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