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Re: irondog post# 6469

Wednesday, 07/16/2008 5:56:32 PM

Wednesday, July 16, 2008 5:56:32 PM

Post# of 35619
All I'm saying is not JUST high volume that determines a rubberband effect. The NADAQ didn't have a massive selloff yesterday, nor did QTWW. Yet both hit bottom and now have reversed. I knew it was coming with the NASDAQ to the tick, and missed QTWW by a few pennies. I posted it here as proof. In mu opinion, LNGT has to have a drop to initate a reverse or rubberband effect. Question is, how far down will it go before it reverses and runs like hell?