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FinancialAdvisor

06/30/09 10:11 AM

#125815 RE: Epic #125797

Don't be so sure, the supply at this level is still very high. Typically, the volume tends to wane and interest goes out the window when this stock is at a bottom.

I'd say give it till at least next week, although the current pattern does seem to satify an A-B-C pullback off of the high. It could also be very misleading should this be a much larger wave in which a 1-2-3-4-5 wave pattern is formed, in which case, we'd currently be in a wave 4 headfake with resistance heavy in the upper 13's area.

Good luck, don't be surprised if a climax wave under .10 satisfies the need for a necessary shakeout as the psychology of the market and this board at this time seems to still be excessively bullish.

I said it before and I'll say it again. It ran from .006 to .285 in just 3 months, don't be surprised if it takes about 4 weeks to find a base and bottom.
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rhodes

06/30/09 10:21 AM

#125839 RE: Epic #125797

Get on the Train to .50 !!!!!!!!