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Wednesday, November 28, 2007 12:41:49 PM
The trend has been looking like a measured move down pattern with a simple correction midstream. This pattern predicts a strong reversal...
http://stockcharts.com/h-sc/ui?s=SWVC&p=D&yr=0&mn=6&dy=0&id=p22502554056&listNum=1&a=122177310
Really strong support/resistance level here. We may continue sideways in this horizontal consolidation region, like the one above at .002 and .03, but we fell through there. With this falling volume, we won't be able to stay long here, imo, unless retail makes its stand and refuses to sell or some news of consequence is released, or new VCs enter. May just bounce around here for a few days.....
I'm staying on the sidelines with any new money until this SAR makes up it's mind. This could be a major turning point.
Just "footprints". Good Luck to all!!!
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