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Re: rich pearl post# 1759

Wednesday, 03/11/2009 3:12:45 PM

Wednesday, March 11, 2009 3:12:45 PM

Post# of 15122
A very well thought out post with good information. I do agree the chart was extremely overheated, of course when you jump 1100% in two days you can expect that. As long as we keep churning shares here it will continue to build up base support levels for the next leg. As I noted in an earlier post we should see a cross of the 50MA over the 100MA either tomorrow or Friday at the latest. By then some of the buying indicators should be cooled down and be enticing.

The one thing we truly need is more eyes on our stock here. Volume is the key and it need to be at whatever the ask is at the current moment.

For the near term, I think if we close at .0013 or .0019 whatever it may be, that should mean a green day tomorrow and possibly another 100% or better jump. As long as we stay above .0012 today that will mean yet another higher low which as you know is often a bullish signal for a chart. As long as we keep setting higher lows on the pullback days we will continue to build support at higher level after higher level.

I can't speak for any news coming because I don't have any indication that it will, but if it did that would send this skyrocketing, but don't get your hopes up for any news anytime soon.