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Re: soarbabysoar post# 2665

Wednesday, 10/03/2012 7:07:26 PM

Wednesday, October 03, 2012 7:07:26 PM

Post# of 47873
chart analysis and volume data. Heavy selling the last couple of days indicated this morning's stall in selling that it was all done, and the float (which is tiny considering the amount of $ going in and out of this thing that last couple of months) was ready to be gobbled up once again; why we closed in the positive. Selling was over. All the indicators I use in semi-long positions like this one pointed to it being oversold. Let's look for a rally from this point on. My assumption is that the traders who exited the last couple of days know this, which is why you saw a bullish EOD. I think the next rally will be much stronger than the last few rallies. We may test the previous spike's high of 1.78-1.80. Look at the chart, all I see are higher lows for each bottom support areas. She never lies to you. I think a projection of 5-6 bucks by next April isn't out of the question. Hope that helps!

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