Friday, December 04, 2009 2:18:55 PM
"This is a classic bounce off of a back test of the falling wedge and 50 DMA. We've been storing energy as the bollies got tighter and tighter. MMs wouldn't let it go when the NR came out about the financing as the technicals weren't in place yet for the upside move that type of financing would represent. All systems go at this point as technicals are all lined up. Next week will be a continuation based again on technicals."
Makamai
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