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Tuesday, 04/20/2010 12:26:15 PM

Tuesday, April 20, 2010 12:26:15 PM

Post# of 12957
SRSR chart: Interesting, very classic in many ways, IMO the bottom was in at .035 and we have trend reversal. Note the new range we are in, and how perfectly it's reacting to the exponential moving averages, the 200 being the big bear overhead, the recent bullish convergence/divergence of the 20 and 50 and test of the .045 for new support. It broke through the 200 on good volume and tested it for 3 days before failing and then repeatedly butting it's head up to test it for resistance. Now the rising shorter term averages will try to push it back up to test the 200 again, with a higher base to start from. All JMHO, and these are nothing more than probabilities based upon empirical observation. But I made my first buyback after the recent double-bottom, and it's working out beautifully so far wink


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