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Alias Born | 08/24/2010 |
Monday, June 06, 2011 12:48:23 PM
Looking for things to get real exciting over the next 10 trading days. Remember the SP means nothing at this point. The day traders are loving the play, the real longs will be waiting for the JV announcement and the details of the JV. The DT will buy n the morning and sell in the mid day until the news or additional update.
IMO, Expect a flood from the unwashed, grasping at any bit of information to try to hold back the flood water. They will let a few of the levies go to try to control the flow of buying, but like the Missisippi, additional rain up stream will eventually require them to take out whole levels of resistance to keep their total losses under control. What that level is, is anyones guess, but the showers in Dec and January upstream will only grow with the spring rain. The more information in the next few weeks, the larger the surge of buying. MDMN like water, travels the path of least resistance, but eventually will overpower any attempt to control its course.
If You're IN, Your IN
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