Posted On: 07/03/2014 8:26:31 AM
Post# of 41414
Re: The Lieutenant #5030
I agree - anything over .0208 is a win for us today for the week's close.
HOWEVER - a close over .03 before the long weekend would be a great psychological victory - having that .03 painted there over the weekend, letting new investors stew over jumping in at .03 because they don't want to miss out. When the price sits there for 3 and a half days it becomes the new entry point for people on the sidelines. A down close for the long weekend might shake some people and create some fear, especially when they have 3.5 days to think about it.
HOWEVER - a close over .03 before the long weekend would be a great psychological victory - having that .03 painted there over the weekend, letting new investors stew over jumping in at .03 because they don't want to miss out. When the price sits there for 3 and a half days it becomes the new entry point for people on the sidelines. A down close for the long weekend might shake some people and create some fear, especially when they have 3.5 days to think about it.
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