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Re: None

Wednesday, 03/24/2010 1:09:23 PM

Wednesday, March 24, 2010 1:09:23 PM

Post# of 111729
Fact is, it's going to take a blast of volume to push through these resistances and supports. IMHO, we aren't going to see much movement here for a bit. But that is a good thing. We have to have a minute to let the technical data reset, to let the consolidation do what it needs to . This is a healthy stop, as long as we can maintain our support levels, which seem to be holding nicely.

The rule is you want to see low volume in sideways action, and large volume during your breakouts. That is confirmation. We are seeing that now. Low volume on some sideways consolidation. We had an excellent burst of volume to get this puppy rolling, so we are good. We will hopefully see some sideways action then BOOM! When that PBR news comes out, we should pop through the resistance levels and it will get interesting. Hang tight people.

I was up almost 60% at one point on my new purchase, it was everything I could do to NOT sell. Crazy? Like a fox....

GO BEHL!