Imerjn Inc. (fka IMJN)

[ospreyeye]

XUII: there is a possibility XUII will form a reversal pattern off MA(200) "zone"........support broke today, but it was the 1st test......having blown through MA(100) there's a good chance XUII can find a temporary bottom in the current zone.........

XUII could very well dip down to gap fill levels........this is why I like to use charts........so you can see when it's the safest time to jump in a bounce play like XUII........people say that they don't use charts........I have absolutely no idea how non chart users would know it's safe to play the bounce........are they just watching level2?.......I haven't a clue, but I still read daily posts about people bashing charts & TA..........unless you have a computer trading program, an algorithm that's trading for you, charts are a necessary tool........

When I post charts I try to list support and resistance levels as targets........they are just targets......the best way to time these plays is by using the intraday charts......they will signal the reversal 1st and I've found this is the best way to beat the herd.........XUII is setting up for a very fat bounce.......should see some nice % gains w/ so much attention on the stock.......shorts will need to cover.......there will be a short cover rally.....that's a given.....how far it will bounce & from what level are the million dollar questions.......

Short Vol. down to its lowest % since the 24th........bears are covering..........tomorrow could be the "set up" day for next week.......I believe next week XUII will have a little SHOWTIME...........$$$