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Re: Seminole Red post# 3045

Tuesday, 02/02/2010 1:01:35 PM

Tuesday, February 02, 2010 1:01:35 PM

Post# of 18730
Kind of discouraging here today, to see this pull back. Most of my stocks are way up today, except this one. Maybe cash will move back in here tomorrow. I just checked free charts and we are holding just above a 200 period moving average on the hourly chart. And we are right at a 68.1% fib retrace support right now, so this may be a back trace before trying to test $1 again. If we hold this area and bounce up (and go no lower than about .85) we will have bounced a second time off the 200 period moving average on the hourly chart. This may be a good entry, buy point.