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trader53

06/24/12 9:51 AM

#1525 RE: Nutbeech #1524

TTDZ 0.0009 Chart >

What an impressive "Pond-Fishing Play",
this turned out to be !


Retracement "Fibonacci" levels to look for as Targets are:

> 61.8% = 0.0049
> 50% = 0.004 <<<<<<<< If you can get 50%, Take it !!
> 38.2% = 0.003
> 0.0009 <----------Current price.

Working from the "Price Pivot High" of 0.008
that was set in mid-May,
the above stated targets,
are reasonable to expect.

> I can see a "Breakaway Gap" at 0.0039 on May 24th,
that could get filled on a "retrace" up.


> The "Big Volume Surge" on June 21st,
shows that the Buyers are starting to get aggressive,
and the Sellers are losing their power.