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Re: bigfish1972 post# 22825

Wednesday, 02/27/2013 7:45:35 PM

Wednesday, February 27, 2013 7:45:35 PM

Post# of 66390
Considering we moved up as much as we did yesterday, sustaining the current price seems to me to be a strength. Although I too expected a strong green day today, I won't complain about todays action. Past gaps always act as strong barriers, and considering the fight we put up today, this resistance zone will become a very strong support once we climb over. I'd rather battle through it then gap over it. If we had high volume and the price moved unfavorably that'd be a different story.

CERP is in solid shape as it stands currently. Tomorrow will bring more information to decipher. I do expect a quick sell off tomorrow, test .04ish, and then be off to the races. May not need the sell off if we start with strong volume, but if we dip back down to .042, I expect to test .04.

"A man should look for what is, and not for what he thinks should be." -Albert Einstein