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Re: investbernie post# 65136

Monday, 11/16/2009 4:00:01 PM

Monday, November 16, 2009 4:00:01 PM

Post# of 111729
investbernie...

good stuff from your POV. Yeah, picture looking quite nice, esp with a capitulation event in the rear-view, and a consolidation in progress. Still holding upon the trip 20+M marker. The market loves little better than to shed the shaking hands. Then of course it also loves to reward those with solid reserve. Having been in the game a while and having seen more than a few of these, this picture we see now certainly has meaning. Of course, that said, anyone always needs to do what helps them sleep at night and what is right for them. That goes without saying.

Sorry to be unclear guys V does = volume. And no, no classes, just like helping to make sense of the game when I can.

What will be important about today is (as it looks like) we will finish with a second HOLLOW green (though Friday's was officially by .0001, it records as a cross). But that is significant because it signifies that sentiment is turning bullish and in this case, because an important bottom seems to be forming. When traders alike see a bottom is in, it creates the obvious situation that the support is in and the SP has stopped falling, therefore it makes the stock an attractive buying opportunity. The "falling knife" has hit the floor and is now put back in the drawer. It also most times creates the signal to the short position that further mining downward is futile. Again, this can be seen in the broader market this year following the 666 lows on March 9. gl all