my fellow traders....as i posted yesterday that we would see light volume today compared to yesterday.....The stock will find its feet around this level....Tomorrow we should see even lighter volume in a tight range once again....monday should be a little stronger as we begin a move towards the .26 level which is the pivotal point for higher highs.....for those that are concerned that i am selling...you r wrong, i have actually increased my holdings today as stocks work in waves of 5 we have completed wave 4 which is the retracement and we r about to begin wave 5 which should take as beyond .35cents....fibonacci projection level.
I have a mid dec target of .35....what we r seeing here today is the weak bailing and the strong accumulating.....
My fellow traders we had a 150mill day which was the spike to new highs...we then trade side ways for a while (4 weeks)..on descending volume before we retest and breakout to new highs...this is text book behaviour...but unfortunately most cannot see it.....
my fellow traders
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