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Re: onemaninnj post# 2547

Saturday, 11/10/2007 1:06:50 PM

Saturday, November 10, 2007 1:06:50 PM

Post# of 6629
oneman - I only say payroll to be sarcastic. The bottom line is volume speaks volumes!! In my opinion, if 35+mm of the 64mm in yesterdays volume was retail selling, the price would be much much lower.

There is only one way that the downside damage was contained yesterday. It is bad enough as it stands; each time this happens, more and more overhead resistance builds in the low 20's. Each attempt to breach it and move to new highs will get snuffed out due to this building resistance.

I happen to be one of those in the low 20's and after now having been in this for approx. 45 days, my confidence is beginning to waver, since I have been down from teh start.