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Just on basic TA alone, the selling pressure

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Cool_Trades   Wednesday, 08/31/11 07:17:48 PM
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Just on basic TA alone, the selling pressure combined with the increase in volume today is so high that CRWV is no where near bounce ready. There will most likely be a miniscule rally tomorrow morning with people running on hope, but that upper shadow I can see being really short and finishing a with long red candle to end the day again.

On a better note, I'm expecting a real bounce around .025, which we're going to hit probably by Friday or Monday.

MACD is forming a bearish pinch with a gap that's still gotta be filled, but imo I don't see it crossing. The upward move on the slow STO reversed, and the remainder of the indicators. For those of you holding, I empathize, and if you hang in there I can imagine a recovery, but you'll have to be very patient. TA is simply a numerical reflection of market sentiment:



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