Wednesday, September 01, 2010 11:59:26 AM
8/17
EVXA ~ After EOD today a Bearish Engulfing Candle patter has formed. I would expect to see further pull back between .001 and .0013 for tomorrow, possibly triple zeros by end of week. Important thing to note here, if we do see triple zeros and find su0pport between .007 and .001 it would suggest a triple bottom play is forming. This would be the time to "load up" because the rebound could have huge potential. The estimated failure rate for a triple bottom is a low 4% assuming that an investor waits for the upside breakout through the confirmation point. This pattern should give longs a light at the end of the tunnel, greener days should be coming soon. You have to weather the storms first...
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