GREY:DRGDF - Post by User
Post by
justlikethaton Dec 16, 2008 12:21pm
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Post# 15648798
Technical analysis
Technical analysisI use this as a guide rather than a rule. If you look at the top that formed in July and connect that to the secondary top in late sept (around 12-13) allowing that trend line to flow downward, you'll see that this mid range down trend would be broke with a 7.25 to 7.75 close. If that happens, we're heading back up to at least the 10-12 range.
I think since everyone is anticipating this it will happen. I think we are staged for a reverse-reverse psychological movement. A lot see this and will take profit as we approach all to be paniced as it moves much higher. Sell on the secondary lift