Amarin Corp Plc (AMRN)

[jessellivermore]

FFS...

The game of predicting the future is a difficult one.

Quoting your post.."I hate to throw a wet blanket on your euphoria but today's recovery merely back tested the area where the breakdown accelerated, and the pullup had no strength behind it."

I doubt Livermore would agree with your statement..We are clearly in an up trend and have been for some time..There was nothing in yesterdays price action or in anything in the last week or so that suggests the trend has been broken..It is very common and healthy to see reactions (price drops) in up trends just as you see price increases in down trends..

We have not seen anything that meets the criteria of a "one day reversal" in the past couple of weeks..I liked the interday reversal we saw yesterday and the PPS certainly did not close on the low...the price decline occurred in the morning (amateurs) and went up in the PM (players)...

But as always none of us can be absolutely certain of the future..So we await the morning's coming danger...

":>) JL