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Re: bigoledog post# 31038

Wednesday, 02/09/2011 2:18:14 PM

Wednesday, February 09, 2011 2:18:14 PM

Post# of 35802
THANK YOU. That's all I was trying to say. Bottoms like that do not form when there are a lack of buyers. And they generally don't last forever. After a while the fools willing to sell at the bottom start disappearing (indicated by low volume) and the buyers need to start paying up for it. I will say this though, GRNO is apparently following the trendline with the most gradual incline, at least for now (which is why even the slightest pop gets sold off. High flyers that get brought back to earth have so many trendines holding it down that need to get worked through it takes a while to cut through all the resistance. 2 months+ at or near the bottom I'm thinking we're getting close to the end of the bottoming process.