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Re: Fire Lane post# 19062

Friday, 12/11/2009 9:26:43 PM

Friday, December 11, 2009 9:26:43 PM

Post# of 46579
So resistance ended up being a tad under a tick @ 0012....Big deal. What is more important, whether resistance was @ 12-13 or 14, eventually, trading lightens up until further "resistance points" enter in to the equation. Nobody can ever call the exact tick that the wall happens to slow down activity. Now my guess is, over the weekend, and radars getting set off, that same "12" level, ends up being the key resistance we were originally trying to site. My feelings are, 13 will not be as hard as 12's were, and for all we know, 14-15-16, could fly by like nobody would ever imagine. Bottom line is, you just don't have back to back volume days like we have experienced, and not find that we catch our stride somewhere early on in the trading week. Plain and simple. I say all 001-0011-0012 sellers that were a part of the current wall that was established later on in the day, will be fighting for what they should have never sold to begin with. The main reason I never flpipped today for a better position, was any blind fool could tell exactly where RMDM was heading as we enter the new week. These plays don't fall upon us every waking day. Best to play them to there fullest when given the golden opportunity.