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Re: melikemoney post# 3207

Tuesday, 10/30/2007 11:16:32 AM

Tuesday, October 30, 2007 11:16:32 AM

Post# of 22247
I agree with you totally on that issue. But I am still holding onto hope regarding the 10 day ma moving above the 20 day ma. The stock did manage to stay above the 20 day moving average (.0085) but is below the 10 and 50 day ma at .010. There is a defined downtrend channel of which the upper end is currently at .05 and the lower end is near .005. The weekly RSI is still at .35 which is and has been oversold for three months but that doesn't change the fact that it can stay oversold for a long time. The weekly RSI has already stayed near 30 much much longer than I thought it would.