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Post# of 49094
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Trader S77

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Trader S77

Re: StockWatcher post# 7609

Monday, 08/23/2010 10:06:07 AM

Monday, August 23, 2010 10:06:07 AM

Post# of 49094
Remember, past price movement does not always equal future results. Layman's terms, what happened last week or yesterday at certain levels doesn't mean the same will happen again.

The reason for the run up was the chart and technicals allowed it as they were not so over extended, at this moment the only thing that will push this higher is news and news alone. As news is the only factor that will void the charts and technicals.

Like i have been saying, this was due for a pullback. And like I said last night, today is not about whether this goes to .005, its more about if support levels hold and how consolidation occurs.
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