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Re: Quasimoto post# 27872

Saturday, 12/04/2010 2:15:25 PM

Saturday, December 04, 2010 2:15:25 PM

Post# of 66758
Friday's Action was nothing more than normal flippage!! Regardless of what anyone here wants to believe, there are "traders" here that stick to chart dynamics , no matter what the pending news Is!!

The fact is, is that the pps, was way up outside the Upper BB, and did a good job dragging the Upper BB up to the 0.41 area!! And even at the end of the day, the pps closed ABOVE the upper BB!!

There will always be traders, flippers in the mix!! They will sell when they see the chart is too Hot!!

Also the Weekly chart closed down right inside the Upper BB, but a Huge candle for the Week, that all here should be happy with!!

And for those that bought higher up than the close Friday, just remeber why you bought, and remember that, IF the news is what all are hoping for, it does not matter where the pps is b4 the news, unless you're flipping!! BC after huge news hits, the pps will go to where it belongs!!

30 MIN , Daily and Weekly charts below: