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Re: Jay Walka post# 16677

Saturday, 07/21/2007 12:39:39 AM

Saturday, July 21, 2007 12:39:39 AM

Post# of 51429
I hate to say I told ya so, so instead I'll say

Charting told ya so!

http://www.putfile.com/pic.php?img=6053788

take a look at that chart. It was what I was trying to explain in my previous post. Ever since the beginning of the down trend we have been trading only as high as this downward sloping line.

Notice that each tiny run only reached a peak at this trend line. It could be that traders know this line exists and flip once it nears it(as it is resistance, and thats what flippers do) or the MM's know that a break of this line would mean a major reversal, and they are trying to hold it down.

After each hit of the trend line(yesterday at .23), anyone with a little knowledge of the past could see that it would bounce off and the stock would be red the next day(today). I'm sure this situation was taken advantage of, by traders and MM's alike. All I can say is, next time we get near this line, we need a brute force attack(money-wise) and need to attack the ask like a rabid animal, in hopes of breaking it, and attempting to begin the next uptrend.

hopefully some buying pressure as people await results of newly pumped wells, wilshire details, and the wbr show can provide the help we need. I also hope the company begins a flow of pr's stronger level 5 white water rapids throughout all of this.

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