Friday, May 13, 2011

Blogger Back Online

You see the hammer print with a nice long spike and reversal yesterday, and we get a decent follow through today. We are still very over sold and I am encouraged by the RSI not taking a bigger dip. We have now successfully retested and i hope we can go sideways to up from here for a few weeks let the hot money go somewhere else for a while, build a base to climb from. Prediction 33-40 range 8-10 weeks and hope I am wrong to the upside.

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