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Re: retroman post# 24317

Thursday, 04/08/2010 8:08:37 AM

Thursday, April 08, 2010 8:08:37 AM

Post# of 55136
Correction: I thought that it was the beginning of something much greater that would be the start of a 6 mo run and if you look at the chart, you will see that we have indeed been trending up and NOT sideways since that time. We managed to get an increase of 140% from .002 to .0048 during that time.

We are now ABOVE the 50dma on this NEW classic manipulative pullback. We are in a new channel and the MM's are going to run this hard. It is the reason why I gave 10 days before our real breakout above .004 occurs.

A 140% gain from these levels would take us .0067. Since there is no battle ground there, I would look for .0095 as the first possible pause after the .004 break, unless the strength is too weak... If so, then we'll peter out at .0058.
Retro

Retro