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Re: GreenMachine post# 43003

Monday, 06/27/2011 12:13:16 PM

Monday, June 27, 2011 12:13:16 PM

Post# of 98509
The last significant volume day was back on June 15th when we saw that Gap Down move in the price. Since then the market has shown FIRM Resistance at $0.0030 has the price has since tapered off and is beginning to head lower now. What we need to see on the chart is a place where this stock begins to show the kind of firm support that we saw in the firm resistance recently at $0.0030 and then a high volume day when the market moves off of that support heading higher. It would be nice if that scenario was accompanied by a buy signal. No idea when that might happen now but, always suspect is the Full Moon on the 15th. The New Moon on the 1st, is not likely to bring anything but lower prices now. If the market appears to be finding support on or around the 15th however, that could prove to be a good place to buy. Again, the moon cycle is only a place to look for support or resistance because historically the full and new moons have marked major turning points in both stock and commodity prices.