Wednesday, January 29, 2014 11:40:18 PM
We should see some continued buying pressure tomorrow after today's action. The RSI has taken a breather and is currently sitting in the mid 60's. The interesting thing is the chart needed a pullback to stabilize the numbers and excessive gains so the slightly "bad" news (Which I thought wasn't really all that "bad") came at a good time. The pullback was necessary so what better time to get that PR than now? It relieved the chart so thanks for that, and we got to pick up shares for cheap! Anyway back on topic, the 50MA has lifted above the 200MA which I know everyone knows the Golden Cross has formed. This is just the beginning of the cross, there is plenty of room above it so we should see solid gains ahead of us. The EOD buying pressure was solid which I know many of you loved if you bought "down below" when I was screaming "buy buy buy" LOL. This should see a nice gap up in the AM. Numbers put it around .0159-.0162 We could see a nicer gap if the MM's want to push it up like they have been the last few sessions (excluding today). If they do, expect an opening PPS around .0165 then most likely a run after the bell. I will continue to buy more tomorrow, I don't see this touching these numbers again especially if we were told another PR (that will be positive) will be released within this week!
Remember, my analysis and predictions are based on charts, stats, and my opinion. Manipulation that the MM's like to play causes reactions however if the MM's play fair this should be solid green tomorrow.
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