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frodo_1978

05/18/11 3:33 PM

#6731 RE: xSpade60 #6730

yeah, i said a few weeks ago that i expected it to consolidate thru the end of this week. On the initial leg up, we consolidated for 17 trading days before finally busting thru. So far weve consolidated for 12 trading days. But yea, i agree, if you start to see a gradual increase early to mid next week, then there is a good possibility that it will try to give it another crack at the 45 - 50 zone. It just seems to me like ETMM has been holding it back from running, i dont know if thats the case or not, but it sure does feel like it. It any event, it gave me some time to pick some up last friday and early this week.

frodo_1978

05/18/11 3:47 PM

#6732 RE: xSpade60 #6730

hey Spade, another thing to keep in mind is that with the current trend, TADF should have a 50/200 moving average cross sometime late next week or early the week after. THis is an extrememly bullish indicator. We already got a 50/100 ma crossover a few weeks back. Also notice how the 200 day moving average has stopped its descent, it has flattened and seems to want to head up, typically this signifies a trend reversal. The good thing is that, since TADF has consolisdated after all of its legs up, it has built several support levels along the way, so if some do get breached you have another one right below it to stabilize the pps.

GLTA