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Re: fh6282 post# 37908

Saturday, 01/28/2012 9:51:49 AM

Saturday, January 28, 2012 9:51:49 AM

Post# of 129051
"You either do or do not. There is no try." - Yoda

Regarding the 3.5mm issue you were concerned about. With 84.4 million shares traded on Friday, 3.5 million seems like a relatively small issue. However, the over all posture of the market is still overbought so, in my opinion, a further decline is inevitable. If you look at the over all chart, there never has been a bull market here. So, you really need to be treating this recent run up as merely a bounce in a bear market and taking profits at the top of that rally, as I suggested, was the smart thing to do. If the current price correction finds firm support above previous lows and a subsequent rally gets underway, that would be the place to reestablish a position. Of course, if the market shows no strength to advance above the top of the recent rally on a subsequent rally, then obviously we are only witnessing a bounce in a bear market and subsequent lower prices would be a real possibility. At that point, bailing out of the reestablished position at whatever profit (or even a small loss) that you might have would seem the prudent thing to do. There is also the possibility that no subsequent rally will occur and no firm support will be established and new lows will be seen. If it looks like a bear and smells like a bear, it's a bear in spite of all the propaganda and then reports, if the majority of investors find no favor in the stock, it cannot go up in price.

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