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Re: $Money Bags$ post# 315

Wednesday, 02/17/2010 6:31:23 PM

Wednesday, February 17, 2010 6:31:23 PM

Post# of 655
You are correct. Many of the indicators look like they are top heavy. Right now I'm watching the ADX very closely and the pps. If the markets stay green it should get a pop in the morning. I can see $4.20 - $4.30 Red market and all bets are off.

There were not alot of shorts on this one, so no reason for the mm's to keep it down.
Option interest is minimal so they don't have to manipulate it on Friday. Highest open interest on the options is $5.00 calls for March.
So a little pop is not out of the question.

Just a few things I usually take into consideration when holding for a swing.

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