It's been an intersting end to last week and a even more interesting week this week. As I was looking for a strong setup around the (friday)20th , (monday)23rd ,(tuesday)24th of November 2009.
As it has turned out the market really set itself up around these dates and then broke very strongly to the upside and we all saw the .060 cent and above close. This was interesting. We had 2 days of closes above the .060 cents. As of today 27th Nov 09' , it has fallen strongly down back to .057 cents.
This I dont see as a bad move , for the strong investors they may buy here. I would like to see now the market settle around these levels and watch the .055 cent mark closely. If we get a close below these levels say as low as .050 cents by the end of the year(around 30days remaining) I would be looking at lower prices as I had said before in previous posts. Look for .040 - .044 cents.
IF the market holds and settles around and above the .055 - .050 cent mark. We may be looking at long term strenght and a move may go ahead next year If not and it does fall to .044cents , I myself may look then at entering this market... good luck to all
FML Price at posting:
5.7¢ Sentiment: Hold Disclosure: Not Held
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