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Post# of 135346
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FireTamer

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FireTamer

Re: Mr. Shagala post# 22945

Monday, 11/23/2009 1:52:01 PM

Monday, November 23, 2009 1:52:01 PM

Post# of 135346
Its called consolidation. When stocks go parabolic like it did last week you will have a pretty big sell off due to profit takers. This was way topped out based on RSI and MACD that anyone could have forseen this. This will be a nice bounce play once volume starts to dry up. It doing a 61% fib retrace..which is healthy for the longs but disastrous for the crybaby's who want a quick pop and got greedy.

Fire....what do I know about stocks? Nothing...but everything I touch is hot hot hot...care to see my hose?

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