InvestorsHub Logo
Followers 331
Posts 4031
Boards Moderated 0
Alias Born 05/17/2011

Re: toomuchmoney post# 32989

Tuesday, 06/14/2011 9:54:01 AM

Tuesday, June 14, 2011 9:54:01 AM

Post# of 72584
We've had two days now without a follow through rally and I'm getting a little worried about this chart. The previous buy signal is not in danger of being canceled out by a divergent sell signal that would not have appeared here had we seen a follow through rally in the last two days. While it is not a confirmed signal, I did what I consider to be the smart thing and I sold my position yesterday at about where I bought it at. I think it is very possible now to see a drop in price back to the 200 day MA around $0.006 which is a significant drop and worth the wait for a better buy in price. That might not happen, but, it seems to me that it will now. If we do not see that follow though rally today, that we should see a drop in price to retest the support at the 200 day MA.