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Re: lowtrade post# 3903

Friday, 07/15/2005 5:29:05 PM

Friday, July 15, 2005 5:29:05 PM

Post# of 44374
Observation on todays trading.
1. EOD volume more than halved, shows retail reached it's enough is enough point. 1/2 the previous days volume, normally shows a reversal.

2. No after hours large block trades, shows hedge guys couldn't play, because retail selling dryed up.

So if this isn't a fakeout, like last Fri, you may be looking at the new support level.

Now add my 50 cent swing, I've seen and posted about; or mide's 23% fib's and the new target is $2.80. LOL the old bottom!

PS: the ave. daily volume, I've tracked is 620k since June 23, when you throw out the 3 single day spikes and day after.






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