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Re: ospreyeye post# 17732

Sunday, 02/27/2011 2:58:22 AM

Sunday, February 27, 2011 2:58:22 AM

Post# of 129054
Was just getting to the message board. Sorry for the late reply.

played out as expected....bounced really nicely off 0.071....love it when they fill the gap....checkout the Vol. at that level on an intraday chart....there were 3-4 million shorted yesterday....did over 7 million in the 1st 2 hrs. in that zone....probably alot of covering & reloading going on....trying to takeout 0.09 now....huge reversal of the Bearish pattern if it can close green today.....even sideway's action from this level will be healthy for the overall uptrend.....consolidation w/out a huge Fib retrace is alway's good....looking forward to seeing how this plays out....excellent vol. as well$$$

Looks like a fib retrace, imo. - volume could be increasingly lower as the daily ranges decrease and any selling would be a retrace without new investors...I noticed that CBIS's decline off the top 15 was rapid. Still concerned about the lack of financials, last year the symbol changed to CBISE for a month or so because of that....hoped they learned on that one.
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