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Re: alliecorp post# 21765

Wednesday, 08/01/2007 12:04:27 PM

Wednesday, August 01, 2007 12:04:27 PM

Post# of 92260
Frankly, all the folks yammering about being chart readers and this or that expert in this or that area should take a look at where the volume action is. Just shut up and look at where, exactly, the buys are being made. Anyone with enough brains to fill a thimble can look at the Level 1 (not to mention the Level 2) and discern that folks are snapping up chunk after chunk of shares on each and every dip. Be it at .0115 or .012 or .0125, there are buyeres laying in wait to snarf up chunk after chunk of shares. The bushes are so full of folks hiding and pouncing that you might bump into each other in the air as you leap!! LOL

If this puppy tries a drop down, there will be buyers. No, let me restate that: WHEN this puppy dips, there ARE buyers. Not future tense... present tense.

The technical name for this action is a "flag" formation. It is flagging at a high consolidation.

My actions will be just the same: be an opportunist and buy each and every dip.

One of the stupidest things about greed is its impatience. Pigs get slaughtered. Settle down everyone and buy each and every dip you see. This puppy ain't gonna fall apart. IMHO, dips are chances for all you newbies to load up and make a chunk of change. IMHO, dips are chances for all the longs to get more. And, by the way, I trade for a living and unlike some folks, I actually know how to read a chart.

Imperial Whazoo

"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."

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