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Re: ThePennyTrader post# 1763

Wednesday, 03/11/2009 3:39:23 PM

Wednesday, March 11, 2009 3:39:23 PM

Post# of 15122
this might be forming a bullish flag on the chart.

http://www.trending123.com/patterns/bull_flag.html

a close at .0019 or .002 would make the candlestick a hammer and signify a possible bottom.

and the continued volume points to the likelihood that this didn't selloff, but rather that old stuckholders and savvy traders culled shares and took profit.

all of those are good signs. now we wait for the inevitable up or down.

i expect up, but still having shares, i'm biased towards it.

best of trading to ALL

rich