Post by
dudediligent on Dec 02, 2010 11:56am
Third Leg
Technically pullbacks occur in three waves, not always but quite often. Today is the third leg down and therefore is the day to accumulate more which I did minutes ago. Look for a reversal from this level, maybe even an intraday reversal. Did you just notice a bunch of asks being pulled. There were 50k for sale at 65 cents a minute ago and now there gone, oh now they're back again.LOL....Good sign!
Many are talking about MM's driving this down so play it to your advantage. Play with them not against them. Take out their asks and they will be short covering in a hurry. This is a risky price point to short now after pulling back near the original breakout point. They are more nervous now than you should be.
Comment by
resourcehorse on Dec 02, 2010 12:02pm
Talking technicals, the MACD has increased everyday of this pullback ironically. You may have a good point!
Comment by
vicky56 on Dec 02, 2010 12:13pm
Your probably right. I just noticed Scotia buying again....Weren,t they the ones that sold at .80 cents a couple of days ago?
Comment by
Ahsan on Dec 02, 2010 12:45pm
i am watching man. my eyes are glued on cxt,byv, azx, ssn, can today. also watching AVM (best management and best stock i have ever had. CAN is close but AVM is no 1 for me)
Comment by
dudediligent on Dec 03, 2010 10:12am
Text book, third leg down on the pullback completed yesterday. Traded right down to the support line. Just draw a line from 49 cents and you will see we never crossed below it. Expect something fundamental to occur next week as this stock lights up.