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Re: ErnieRee post# 3457

Thursday, 02/18/2010 11:18:23 AM

Thursday, February 18, 2010 11:18:23 AM

Post# of 94140
STRONG VOL. ON DOWN DAY IS BAD!!!.....YOU DON'T WANT HUGE VOL. ON DOWN DAY.....checkout DMI: sellers have been in control the whole day.......trying to catch a falling knife?...........wait util he fills gap..........if support pours in, it could be a good entry.....otherwise this will go to 0.008..........right now there is support at 0.015.......if this holds, it's all good.....that's roughly a 50% retracement from high of rally.........usually w/ this type of movement you see a 60+% retracement.......it all depends on the market maker........he's evening out his books from the run up and will eventually want to unload.....he's shorting all the way down........this is the nature Of the beast........support looks pretty good here....BUT 0.015 MUST HOLD........OTHERWISE IT'S GOING TO 0.012...........