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Re: Doubleday post# 6757

Saturday, 07/07/2012 4:38:32 PM

Saturday, July 07, 2012 4:38:32 PM

Post# of 42270
Daily Chart Analysis - I really don't see much on this chart to get too exited about quite yet. The recent high volume is the most interesting thing but, the trend is decidedly down and there appears to be firm resistance anytime the price rallies to the 50 day MA. So, while a major bottom could be developing due to the volume, I for one would not be a buyer quite yet. There are no obvious signs of a bottom other than volume and a slowing of downward momentum at this point. That could also spell price consolidation prior to a further drop in price.