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Alias Born 07/02/2009

Re: spottrader post# 4049

Sunday, 09/27/2009 1:45:44 PM

Sunday, September 27, 2009 1:45:44 PM

Post# of 16651
even though the ax is showing negative price divergence I dont think this will retace down that far.
MACD is turning red as well, but its not unlikely that prices can increase even though the macd is turning down (as long as its strong above the signal line).
ADX is clearly trending, RSI is also in the upper range (yes ofcourse it went down due to the down days, but it didnt drop below 50).

the reason why I think that 0.15/0.18 is out of the question is simple, have you seen the weekly chart? Not only would those price be below weekly support it would also bring the rpice far below book values (worth)... not gonna happen,

intereting days coming next week

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