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flexd5g

09/17/10 11:30 PM

#16094 RE: nacholiteysu22 #16092

Monday, or maybe Tuesday-Wednesday will decide the direction of the PPS. It looks like we have a 1st support at .0009 and second at .0008. The SAR is what I'll be watching, for if it flips to the upside (it is sitting right under 1st support @ .00088) we could see another drop in PPS, somewhere in the .0006 to .0007 range again. If support holds on Monday, SAR will remain under the PPS and could be the signal that PPS will rise back up and give a new and higher support. Keep a close eye on the ADX, which is at 35.26. If it rises above 40 it will indicate a strong upward trending pattern, which many stock screeners look for. I stated before, 4 weeks ago, that with buying pressure, the support of .0006 would be held, and it was, with a rise in PPS to .0014. With that said, buying pressure alone will drive the PPS back up over the .0012 resistance level. With any substantial news (even just a fluff PR), the PPS could easily surpass that and the weekly high of .0014.