Posted On: 12/11/2012 9:44:03 PM
Post# of 14350
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Re: BUMPERCARS #7184
An "outside day", trading both above and below yesterday's trading range, on the heels of a long rally can signal a reversal, Frankly a reversal and correction toward support would be healthy and provide buying opportunities. Another way to traverse the trend channel is to remain at .004 for a few days.
But expectation of good news could break the price to a close above .004 to possibly create a new, steeper, rising channel and eventually the cup and handle formation.
Tomorrow or the next couple of days will tell.
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