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Re: None

Wednesday, 11/18/2009 1:22:05 PM

Wednesday, November 18, 2009 1:22:05 PM

Post# of 312016
JBII 1.13 is a huge resistance level right now. This is a major pivot where 3 of my favorite moving averages all converge. I have talked on here about how I like the 13x50ema interaction, and for the 13ema to stay above the 50ema. They are currently both at 1.13. My other favorite moving average is the 20sma, and that is also at 1.13. It's going to take some considerable volume to break through this level. Getting above it, and having a bid on 1.13 will be a good sign. That should get the test of 1.20 going. It will then probably take 50k at least, more like 100k to break 1.20. Breaking 1.20 will set off all the bells and whistles.

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