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Re: steveack post# 27993

Tuesday, 12/01/2009 11:25:07 PM

Tuesday, December 01, 2009 11:25:07 PM

Post# of 135092
looking at Clay's chart it looks like we're going to continue seeing lower pps until we reach the key support line clay drew on the chart.
I am not an expert but it looks like we have to also make sure the MACD moves back above the zero mark.
Another thing to notice is the lower highs on the chart and the steady bounce of the .0008 mark. This seems like it is forming a descending triangle. http://stockcharts.com/help/doku.php?id=chart_school:chart_analysis:chart_patterns:descending_triangle_
I am afraid this could be bad if we don't bounce off the trend line Clay drew. If we bounce this could be good.

be careful out there. I am in since .0017 so I am hurting on this and I don't want it to go lower but I am afraid it's looking suspicious.

as I mentioned I am no expert so if you see something positive that I am just missing please do share.