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Re: GreenGro post# 75747

Sunday, 02/07/2010 11:59:39 AM

Sunday, February 07, 2010 11:59:39 AM

Post# of 111729
The core group still holds, as long as people keep buying on the dips it will just keep moving up and the charts are reflecting this buying strategy at this time. We know the move last week started with longs buying back in from their tax loss write offs, once the PPS hit .012 it triggered a buy signal. Unfortunately the wrong crowd, it was momo players as each momo board had a thread specifically talking about buying BEHL at .012 or .0125. The PPS reached before this momo buying was .012 and it was solid for a reason, that is why I think we will see it correct back to this level. I find this to be the highly likely track, with a flat trading level here the next likely, and selling off the least likely of them all. I would say 60% higher, 30% flat, and 10% lower in the short term. Of course no one can predict the news, and that will always be the wild card in TA, the fundamental reason.