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wadirum1

02/28/10 11:03 AM

#359 RE: Mik3k #352

Cup and handle wouldn't be formed until PPS rises over 26...

If we get there, the intra-day chart will be a screaming buy and the pincher will have likely been confirmed for most traders on the daily chart. So, if we get over 26 I think it is going to go ballistic.

I sold my position on Friday, but then I bought it back at lower prices to hold over the weekend. I think the traders might have gotten too cute this time in selling out for the weekend. I doubt they'll get their shares back for 18. But I've been wrong before!

Wadi
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Matt_Chart

02/28/10 12:57 PM

#362 RE: Mik3k #352

Possibly, i think we got a gab to fill and that downtrend resistance to break first and we will be on our way, regardless it looks like selling pressure could be nearing a end.