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Re: hurricane123 post# 61631

Monday, 03/17/2014 1:09:06 PM

Monday, March 17, 2014 1:09:06 PM

Post# of 130477
The amount of support at .0009-.001 is monstrous. Any selling below this will not be supported by the vast majority holding at or above this level. Those wanting core positions it seems already have them. Posting on this board is down, as is the volume, but the support stays there.

All of this points to a good breakout the second substantial news hits (Chinese deal finalized, etc.). There will still be pleny of resistence between .0011-.0018 due to profit takers, however, I believe there is tons of money waiting until it starts moving to get in which will form a new base in this higher range. Shorting will not be as relevant in this range and any incremental news at that point would drive pps up.

All my opinion, as I know everyone has their own!