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Re: eddyimano post# 37452

Monday, 02/20/2012 5:17:37 PM

Monday, February 20, 2012 5:17:37 PM

Post# of 163088
The only resistances in play are yearly highs and psychological barriers. .0095 and .01 will be our resistances tomorrow. Anything over that level and we break out until profit takers begin selling. This will occur as the chart becomes overextended. The pullbacks will be gradual if the increases are gradual. The reason ATR* sustained its strength is because of the controlled move north. We can easily run parabolic on favorable news, but that might lead to harder pullbacks. I will be ready for anything regardless, but a controlled run up to psychological barriers is what we want for this stock - especially if the timeline to begin extraction is a bit longer than originally anticipated. The main thing we need confirmation on is the valuation of the mine and the financing with which to begin the project.