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Re: None

Monday, 02/01/2021 8:52:37 AM

Monday, February 01, 2021 8:52:37 AM

Post# of 37836
Like everyone here I am anticipating a great week for SIRC with news/PR expected from Massey later in the week. The fact that this past Thursday we turned the recent retracement around on a dime at the 61.8% fib line and also bounced off the 250 Weekly EMA (essentially testing the big breakout of the week before) was extremely bullish. Thursday low at .386 was very important and should hold.

My one and only concern was that we had an inside bar on the weekly chart. I want to see new highs taken out sooner rather than later. The worse I see us doing is consolidating between the high at .748 and the recent low at .386. If we take out the high quickly the inside bar is negated and we are off to the races once again.

"It never was my thinking that made the big money for me. It always was the sitting. Got that? My sitting tight!" - Reminiscences of a Stock Operator -