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Wednesday, December 29, 2010 7:42:52 PM
Dead Rat Bounce or Double Bottom?
Only time will tell for sure!
![](http://i924.photobucket.com/albums/ad86/patrick_sales/MSLPDeadRatBounce.jpg)
There’s just not a lot to say regarding today’s chart, it could be viewed as a double bottom, it also could be viewed as a continuation of the previous downward trend. This is one that only time can unravel but I believe that a wait to see would be in order as fare as this chart is concerned. Personally I’m not buying, selling, or shorting if I could, I’m just giving it time.
Next week is a new year and will surely come with new money and new PR but the next two days could be a major part in how that year starts IMO if we go into it with MSLP at around .06 or so it would be way better than starting Monday at .04 merely because it’s 50% from .04 to .06 and from a day traders prospective 50% the first day of the new year would be a great start to the year, see where I’m going with this? So I’m keep a close watch on MSLP for the next two days!
Again thanks for letting me rant about this stock and Happy New Years all!
Cheers \_/
P.S. would love to hear anything MSLP traders are thinking about the stock.
Saving the world one trade at a time!
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