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Message: Re: The charts look beautiful 50 day EMA breaks through 200 day
1
Dec 07, 2007 11:12AM
1
Dec 07, 2007 11:17AM

Well stated Wings.

50 EMA cross over of the 200 EMA = very bullish. Moving averages becomes support rather than resistance. MA's tend to increase pressure from below for a positive increase in sp.

A technical breakout even without news is very possible at this point, IMO. (not taking in account for the last 3 licensees) Congestion is building and the tighter the spring the higher to recoil.

Still looking for the NR7-2 signal. May not get it but would be great if it prints. Would love to see a doji cross at .61 on Monday.

Fundamentals aligning with technicals. It's as close to a perfect setup as one will find. I liken it to 'The Perfect Storm'.

Regards and GLTA,

PxP

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