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Re: joe smith1 post# 22985

Friday, 07/15/2011 11:22:29 AM

Friday, July 15, 2011 11:22:29 AM

Post# of 30864
Joe, you don't even have to read any of my posts if yo don't want to. I'm only trying to point out that in my opinion based on what I know to be true about technical analysis, I believe the price is going lower. You don't have to get mad or argue about it, it's just my opinion. You know the markets are dynamic and they change daily and I change my opinion daily to on occasion. In fact, a few days after I said we would not see $2.28 again, conditions changed and I mentioned that we could easily see $2.30 and today I'll tell you that we could see $2.33 now and it would not change anything because the market would still be trading inside of a Rising Wedge and from my experience, that is a sure sign of lower prices. You don't have to believe me, go look up a Rising Wedge in any book on technical analysis and read what it say about it. I do not make this stuff up. I'm only trying to point out what I see and what it means to me and if I did not do that, then you would not be able to consider that possibility in your own analysis.
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