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Re: soybanzai post# 1044

Monday, 04/04/2011 4:07:28 PM

Monday, April 04, 2011 4:07:28 PM

Post# of 30991
I believe it will.
It should retest a support level soon.
The only one I see anywhere close is between 3.80 and 4.00. where there was some sideways trading.
Other then that any support to be found goes all the way back to where this run began around 2.00

A nice healthy 50% retrace is not out of the question from the 5.12 high. That math takes this to 2.56. Actually 3/10 u will see that as the high amazingly. Then take a peek at 3/16...2.56 bottom that day. Funny how simple numbers find their place on a chart.

I'd say if 3.80 breaks that's where this thing might wind up before this thing starts looking ahead for future highs.

I have been playing this from 2.00 area BTW.
Goodluck as this is just another opinion.

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