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Makamai

04/29/09 12:28 AM

#5840 RE: fsmith1952 #5835

Today a long white candlestick formed indicating strong buying pressure from open to close. Since we are in uncharted waters here at this price level, there is no defined levels of resistance, so there is not much more you can say until consolidation begins. With the NR that came out tonight, I suspect we'll have another good day tomorrow as well. Not sure how the Cohen report was distributed. If its being parceled out on a daily basis, vice all at once, this could continue for awhile. Time will tell.

Makamai

lightbeam

04/29/09 12:39 AM

#5841 RE: fsmith1952 #5835

I use simple looking charts when trading so far we have room for more growth as long as we do not get window jumpers. That red line stays above blue you are good. Bollinger bands stay in mountain all is good. They come out you better be ready you may just fall. The only way to trade is with eyes. Charts. Other wise it is crap shoot if trading. You need an edge.