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Re: fitzwell11 post# 32402

Thursday, 02/14/2013 1:38:16 PM

Thursday, February 14, 2013 1:38:16 PM

Post# of 79678
Very sweet.....nice observation.......keep an EYE on the Vol.....vol. for MMJ plays are down today compared to 10day avg.......

Will need to see increased Vol. for the bearish patterns to be reversed.......MJNA's 10 day avg. vol. is 37M.....only 10.5M traded today.....

MWIP has 26M today compared to 34M avg.....so it's on track.......I would use cation here......

IMO there's more downside risk than upside potential until MA(10) support is tested........I don't see MWIP running hard here.....plenty of time to pull the trigger.....

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