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Re: newpenny post# 6363

Wednesday, 12/28/2011 3:26:00 PM

Wednesday, December 28, 2011 3:26:00 PM

Post# of 28022
I disagree, I think there is a potential for a big drop down to 1.20's maybe lower short term. Look at the 5 day/10 min chart. Potential H&S formation along with textbook low volume on the right shoulder with 1.45 neckline. Should it be confirmed we're looking at a drop to support at 1.25 and if it cracks that support look out below.
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