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VistaViewer

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VistaViewer

Re: sailcat post# 2986

Thursday, 03/04/2010 10:59:11 AM

Thursday, March 04, 2010 10:59:11 AM

Post# of 96910
Stock traded 5 days in a row above the upper Bollinger Band.

http://stockcharts.com/h-sc/ui?s=IWEB&p=D&yr=0&mn=3&dy=0&id=p68678377016

That makes the PPS vulnerable to a Fibonacci Retrace of 33% or 66% in the opposite direction. It looks like that might be what is starting to happening.

So it may be just responding to the rules of Technical Analysis. Or call it "profit taking", etc.

VV




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