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Re: PennyScalper post# 7444

Sunday, 03/04/2012 12:13:00 PM

Sunday, March 04, 2012 12:13:00 PM

Post# of 13136
Thank You Penny:

Once a promo starts, THEN you can use charts to pinpoint your support and resistance levels as we climb the ladder.


You said it better than I did. I agree that once the action has started charts can be useful for showing the resistance and support levels. However to use them right now is futile, this play is pure emotion and hype. Where those levels of support and resistance are if this is promoted is a mystery that no amount of charting will be able to foresee at this time. Remember that if this is the APS play there will be emails from numerous stock promoters which will be followed by who knows how many PR's from the company AWSR claiming all things are in high gear. These PR's will be nothing short of sensational! I.E. "Expecting record profits in the coming years"
"Have just discovered an enormous vein of coal mixed with just as much gold and silver"
Feel free to add your own...

Nuff said

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