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Re: None

Wednesday, 03/27/2013 12:16:33 PM

Wednesday, March 27, 2013 12:16:33 PM

Post# of 146837
what I noticed last time it consolidated after a big run to .03 and got overbought at that level at that time, is that a lot of people took profit, and it pulled back 50% in 2 days to 015s..

then the next day, 3rd day of consolidation/pullback, all those sellers who then got settled cash back, started buying it all back in the 02s and it moved up to 04s pretty quickly..

not saying it will happen again, but so far the same pattern is repeating... we peaked at 08, lots took profit, and now 2 days later we've been down almost exactly 50% again. now then, everyone who took profit will have settled cash tomorrow, from selling near .08,
and we'll see if they reinvest again at these levels, or not, tomorrow.