Wednesday, May 25, 2011 10:22:27 AM
there is a double over head resistance right at 0.50 and 0.55
so if our sub wave iv correction does end at 0.30 with a closing above 0.40 we should meet this area very quickly.
of course closing above this would begin to turn the higher level chart around for even further bullish momentum.
but until then, I do not mind taking baby steps. Its a sleeper I tell ya
also as a very bullish indicator since the 10/20 EMA are now over 0.30, potentially if asr is as bullish I as hope it can be, we may never see under 0.30 for quite a while.
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