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Re: Nebuchadnezzar post# 24095

Thursday, 09/29/2011 4:57:53 PM

Thursday, September 29, 2011 4:57:53 PM

Post# of 30861
I appreciate that. The daily chart appears to be very oversold here so it is entirely possible that we will see a bounce up now but, the price decline, in my opinion, is not over yet. The weekly chart is not oversold and the are support area yet at $1.30 and $1.20 that could still be reached (following a bounce if we get one) before firm support will be found. The 200 week SMA is almost right at $1.30 so that looks like a possible place for the bulls to make a stand.
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