AI
Sunday, January 30, 2011 9:53:47 PM
MMTE UPDATED BULLISH CHART .003+ for short term target.
1. In the anticipation of the news this is setting up for an explosive run this week.
2. 50d is about the cross over the 200d moving average - GOLDEN CROSS
3. The pull back on Friday was perfect 63.1% from the top And it also corresponds to support from the lower trend line
4. The setup is pefect Elliot 5-wave scenario with final leg is in making. I am looking for the leg to end somewhere in the .003+ range and then A-B-C pattern following another 5 leg up. But overall it is in a very bullish uptrend. It would be nice if it can consolidate here one more day taking out any weaker hands before the next leg up.
5. RSI has a room to run and it reversed perfectly from the support line
6. No divergence are in place and it is doing a Higher High and higher low as of now
60 Min chart is also turning around
1. In the anticipation of the news this is setting up for an explosive run this week.
2. 50d is about the cross over the 200d moving average - GOLDEN CROSS
3. The pull back on Friday was perfect 63.1% from the top And it also corresponds to support from the lower trend line
4. The setup is pefect Elliot 5-wave scenario with final leg is in making. I am looking for the leg to end somewhere in the .003+ range and then A-B-C pattern following another 5 leg up. But overall it is in a very bullish uptrend. It would be nice if it can consolidate here one more day taking out any weaker hands before the next leg up.
5. RSI has a room to run and it reversed perfectly from the support line
6. No divergence are in place and it is doing a Higher High and higher low as of now
60 Min chart is also turning around
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