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ced70

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ced70

Re: marketmaven post# 1712

Thursday, 12/14/2006 7:17:07 AM

Thursday, December 14, 2006 7:17:07 AM

Post# of 1824
At this point, and I am just looking at the chart, I don't see any buy signals, (maybe RSI 2). The trend has broken IMO. I thought you would have seen some support between 13-14 but it kept going down. I look at the RSI (2) instead of the RSI (14) most of the time and it is very low (5-6 range). The candle chart still is not really showing a reversal. I think until you see a reversal signal on the chart I would hold off on buying it and since it broke the resistance it could move into a downward trend, but that would take some time to confirm. Again though this could turn around today but this is just what I am seeing. Good luck.

CALL or PUT at your own risk. I offer opinions and nothing else. Good luck.

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