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Re: IndianaJones24 post# 3125

Wednesday, 02/17/2010 1:52:31 PM

Wednesday, February 17, 2010 1:52:31 PM

Post# of 94140
HUGE VOLUME ON DOWN DAY IS BAD......not sure if people on this board understand that......on a down day the last thing you want is lg. vol......this is getting ugly.....tried to warn you......no worries.....mm will fill gap from yesterday and that will provide a nice buying opportunity......a great strategy to recoup losses, break even or just make money is buy the FIB RETRACE.......if the high was 0.029 and the break out was 0.008 you could get a nice 50-60% retrace........if it pulls back to breakout level, 0.008, you could get a 100% gain to 0.016.....probably more like 0.014-0.015.....that would be a 50% retrace from the high yesterday........right now is manage downside risk time.....you can make up losses on the retrace, just be ready w/ some extra ammo when we get there.......and in case you still have doubts, i assure you he's going there......i'll be ready.....will you?