Wednesday, February 10, 2010 12:16:23 PM
CEMJQ CHARTS:
It is hovering around the 50dma which sits around 1.17 on the daily chart...50% retrace takes us down to 1.10...It's obvious they are shaking shares from those who bought in too high and stealing their shares on this walkdown...those who got trapped too high are sweating bullets right now and are selling...50dma should be strong support here...we shall see....
DAILY:
WEEKLY:
It is hovering around the 50dma which sits around 1.17 on the daily chart...50% retrace takes us down to 1.10...It's obvious they are shaking shares from those who bought in too high and stealing their shares on this walkdown...those who got trapped too high are sweating bullets right now and are selling...50dma should be strong support here...we shall see....
DAILY:
WEEKLY:
THERE IS ALWAYS ROOM AT THE TOP!
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