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kermit42

04/22/08 8:43 PM

#3335 RE: Baron von Stocks #3331

About the only positive thing I can say about the chart right now is that .001 is strong support. We haven't traded a share below it in a week and a half. The MA 20 sits a hair below it and we bounced off it pretty hard today. Unfortunately, it drifted back after the bounce so we will test it again tomorrow, but yesterday the chart looked pretty sweet--it turned ugly fast today and with us sitting right above strong support, it could turn pretty again just as fast.

IMO, tomorrow will tell the tale of whether today was a glitch and we resume the uptrend or just more channeling (in which case we drift down to .0008 or so).