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Tuesday, 03/18/2014 10:20:31 AM

Tuesday, March 18, 2014 10:20:31 AM

Post# of 48316
Morning TJ,
Thought I post a thought on my take on TA from the Yahoo board to Sal.

Yep Sal, the bullish candle Hammer showed up at the end of a several day move down indicating a reversal pattern is dew. Buyers exceeded Sellers by end of day yesterday with a nice shift in momentum. I like Stockta's estimates of resistance at .85, .95 and .97. Nice breathers along the way to $1. I've been talking about the bullish downward flag that has formed over the last 10 trading days, which shows the upper sloping resistance at about .83 today. A move above that on reasonable volume would strongly indicate a steady move to $1.10 range over the next 5 to 10 trading days. What really could sink or extend the downward pattern is a non-acceptance at ASCO. If you've ever studied fractals, their is a mathematically organic connection between new/non-news days, emotion, anticipation, daily banter, MMs, etc. and how it winds up constructing chart patters and reciprocally influences anticipations and expectations of some traders/investors.

Anyway, I babble on....Have a great day Sal.