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123tom

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123tom

Re: trading.jeff post# 9602

Wednesday, 03/05/2014 6:14:21 PM

Wednesday, March 05, 2014 6:14:21 PM

Post# of 48316
Most of the selling looks like profit taking at the open.

intraday price action showed a good bounce back to 90 cents, but 90 cents is resisting today. lets see if 90 cents can be broken through . Otherwise, support at 83 cent area needs to hold, or else 80-70 becomes a target zone. Not something to worry about but to be aware of. that big left shoulder zone from the last rally top area (.62-.70-.79) is so strong looking as a base , only bad fundamental news could cause it trouble.
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