Tuesday, July 06, 2010 3:33:06 PM
We're oversold here with a double bottom forming. IMO, with sell volume drying as the support continues to hold, buys should start picking up in the coming days, at least until the gap is filled.
We have strong support at 0.007 and should have equally strong support at 0.0067 according to the 1-year chart. The bears appear to have lost all momentum at the 0.007 wall. Soon they will have no more bullets and the only way this thing can go at that point is up, barring really bad news from Eric and Co.
Blue skies are on the horizon, IMO.
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