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Re: qwertytrader post# 77998

Monday, 08/27/2012 8:10:16 PM

Monday, August 27, 2012 8:10:16 PM

Post# of 129051
Well... I didn't buy on my observational skills, LOL. I saw all the slather over the failure and could not see it,for a variety of reasons, until I took a few minutes to actually do some old fashioned post market chart analysis. Then I saw it.

I mean, now that I punched it up on screen into 1 minute bars, the step-in at the low for over 7 million shares jumps right out at ya.

But I missed it today.

As obvious a buyin as it was, I for one wish I'd caught it at the time.

And by looking left to the big ass up candle of 2/14/12, and seeing that the lows at that date are the 100% retrace level we attained at the point the savvy investors stepped in today....

Well, sometimes it pays to shut out the megaphone boys and make up your own charting mind, LOL.

In any event, I missed it too, until analysis showed it to be what happened.

In that these things often do a triple retest at either the top side resistance point or the bottom side supports levels, I may yet get a chance to buy at the lows.

This time.... I'll be watching, LOL.

Imperial Whazoo

"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."

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