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charhorse

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charhorse

Re: None

Monday, 07/16/2007 11:37:28 PM

Monday, July 16, 2007 11:37:28 PM

Post# of 9504
On July 12 we left a gap down from .0069 to .0065 Will that gap want to fill. The only tech indicator that is bullish across the board is the macd. There is currently no real support to speak of but if you need one lets call it .0057 First resistance is that .0065 number, if that breaks then we will probably fill that pesky gap. The rsi has turned up but until it crosses 50 it's not a positive indicator.
Also remember you can only short on an uptick, which we just had.

Rookie interpretation
Retail Sucker
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