Replies to post #27635 on Eyecity.com Inc (ICTY)

[traderdogzz]

there is so much NEW strength in ICTY is is sick,,,,,

[locosurfer]

Yes forward. HMMMMM


locosurfer

[rich pearl]

for all intents and purposes, this is basically a fibonacci retracement back to the last known support level. this needed to break .001 to set up .0008/.0009 as support.

if you look at the indicators on the chart, especially the stochs and williams, you can see that this was overbought, but it wasn't overheated. the rsi6 never went over 90. nor did it bust out of the bollies. this is simply a low to moderate volume pullback to the 20ma so as to absorb the redistribution of those 150M shares that have been traded this week.

iow, the chart is still positive and set for another test of the current ceiling of .0009/.001. it shows the bottom bollie turning up. all this needs is some sustained volume at the ask. another 30-50 million shares could send this.

of course, conversely, this has to hold here.

good luck to ALL

rich