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Re: stockdawg44 post# 4498

Wednesday, 07/31/2013 2:56:39 PM

Wednesday, July 31, 2013 2:56:39 PM

Post# of 40501
Yeah I actually do think it will go back there.

But the future doesn't exist yet, so I could be completely wrong.

Most of the time I'm not though :p

I just follow the technical indicators and I'm a pattern junkie when it comes to charts. Seen this pattern play out hundreds of times in the market. Usually it comes right back to the old resistance to create a new support.

For a while there $1.45-$1.50 was a BIG resistance, we just broke that resistance and now we need to make it a support. There is only one way to do that, and that is to test that support.

We'll see soon enough.

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