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Re: Ichauway post# 869

Thursday, 09/13/2012 6:00:23 PM

Thursday, September 13, 2012 6:00:23 PM

Post# of 935
Good call. No idea where you came up with 13.05. You must have set your resistance line higher than mine based on that sideways movement in March. Mine is 12.91. Your line looks more accurate now. I'm out at 12.81. Didn't look like it was going to close over resistance like it did yesterday, so I'm out and looking to buy back in after a retrace. And not sure what it'll bounce off of- 11.18 and moving up daily, 12.08 to 12.12, or 12.24 are my best guesses. Leaning more towards 12.08 as it needs to test that support again. Definitely needs to come back inside the bollinger bands and it's pushing about its limits on the ULT.

Whatever- clearly this and the rest of the market is in a serious uptrend. Just hoping that it retraces rather than continues to move up. Been burned here before. But, odds are it'll come back down a bit.

And wondering if it's making a cup-and-handle formation. That'll take months to confirm, but could be really nice upside.