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Re: gold56 post# 13973

Wednesday, 05/11/2011 10:52:39 AM

Wednesday, May 11, 2011 10:52:39 AM

Post# of 38410
Well. If you look at your daily chart you see starting on 4/21 we had a 3 day rise in price then a couple days sideways trading into the 20 EMA. Then another 3 days rise starting on 4/29 followed by a big red hammer. This is known as a swing trap. It makes the novice traders think the stock is going up then they hammer out the stops. Shake out the scared money. Now we are in a sideways trade back into the 20 EMA. It should pop a little tomorrow. But then again it couls be next week