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Re: None

Thursday, 05/12/2011 10:58:19 AM

Thursday, May 12, 2011 10:58:19 AM

Post# of 92719
The way I see these multi day runners.
And SFIO is looking like a classic this AM.

You get a big spike at the open as we got. then it trails off after amatur hour as it has done. Then it consolidates going into lunch, as it is doing now.
Now the key is.

this consolidation must stay above the morning opening price. As it looks like its gonna do.
If lunch brings in new eyes and another round on momentum the morning spike may get beat, FAST and then it sets up for a killer EOD run.

If this AM spike picked up some vapor being sold, God bless em. The lunch punch may scare the pants off a short and they cover adding to more of an upward push.

I wish Mr 49mm share buyer would come in and set this straight.
I know in my heart MMs were selling vapor at the top.