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S&P 500
5,454.43
(
0.12%
)
US TECH 100
19,074.40
(
0.61%
)
Dow Jones
39,085.80
(
-0.83%
)
Brent Oil
84.49
(
-0.92%
)
Bitcoin
61,661.03
(
2.32%
)
Post# of 7284
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queens9000

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queens9000

Re: primarywatcher post# 5810

Thursday, 02/24/2011 8:48:47 PM

Thursday, February 24, 2011 8:48:47 PM

Post# of 7284
Look these charts. $1 is the strong resistance and sma50 is broken up twice with volume. This kind of resistance usually hits again once in its life time when sma 50 is broken up with this much volume. The elliot wave is also completed on 5th for downtrend. I'm guessing it will hit $1 before September when oil price remains strong heading to summer. By looking at Tiv historical chart, it always makes 100%-220% around September if the stock price is done with downtrend.

chart1: https://picasaweb.google.com/lh/photo/YpXRhJK07vjKfkHJlVcM2A?feat=directlink

chart 2: https://picasaweb.google.com/lh/photo/lr1lASz-E2ai9u0RTY_5Hw?feat=directlink
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