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RedStick

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Re: webpence post# 55662

Sunday, 07/12/2009 5:41:48 PM

Sunday, July 12, 2009 5:41:48 PM

Post# of 165854
webpence, take a look at my chart. Your third question was about a worst case scenario. From a chartist's perspective, we have two very strong levels of support at .06 and .07. We also have one very new minor level of support at .075. Worst-case scenario in my view is a drop back to .06. But I don't see that happening and if it did, you'd have ample time to sell at .07.

The risk is miniscule while the potential reward is outstanding. A rare and opportunistic combination.

technimentalanalysis.blogspot.com

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