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Re: threewheeler post# 6585

Monday, 10/22/2012 2:58:52 PM

Monday, October 22, 2012 2:58:52 PM

Post# of 31664
this selling today is based on a technical reason imo since there is no news. we wont close under 0.0043$ by friday of this week if I am right.
Why 0.0043$? because the 20day SMA slow lane on the 1 year weekly chart just felt to this price. I have been watching this moving avarage for weeks and today it came in touch with the price for the first time ever. the 20day SMA on the daily chart is at 0.0042$. the volume remains low, not sure who is selling but i would guess its MMs? We might form a cup here and follow the slow lane (1 year chart weekly 20day SMA). it will take weeks for this avarage to form itself.

this is all technical speculation from me and has no fundamentals behind.