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Re: S2_take_us_there post# 1135

Tuesday, 05/22/2007 8:47:14 PM

Tuesday, May 22, 2007 8:47:14 PM

Post# of 11472
Well, NNRF remains in a downtrend as long as it remains under the trendline, so technically it is in a downtrend. The volume has been light on this consolidation period which shows that a lot of the weak hands are gone and content to hold. NNRF needs a catalyst to jump start it such as news in the short-term, or more consolidation. Also, I currently have the pattern drawn as a falling wedge, but realize that over time I may need to adjust that pattern if the sideways consolidation continues.