RE:Once in a while I like to show off my powers
Obviously most ppl don't even bother to read my msgs properly (like calling me a tech analyst instead of chartist). So, let me re-iterate for y'all pinheads out there.
1. There is support at .56
2. Support at .56 has nothing to do with the 40K shares bid there at the moment.
3. When those 40K shares bid r gone, and the SP drops to .55, ppl will panic and hit the sell button
4. There is support at .56 on the 3 month chart, and it has nothing to do with the bid now there.
5. At .55 ppl will panic and hit the sell button
6. Probably the market will make it impossible to pick up shares at .55 or below, since the ask will be stationed at .56 or higher when the SP hits .55
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10. Sell at .61-.62 (SP will actually go up to .63, but it's impossible to sell at .63 since the ask will be much lower when SP hits .63).
eom.