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Politics : High Tolerance Plasticity

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To: sam_n_cctx who wrote (21521)9/15/2004 5:16:08 PM
From: chowder   of 23153
 
Sam,

A couple of things concern me about OPTV.

1. It is coming up on the 200 day moving average and we're not seeing the volume we saw in June and July. I think this resistance level needs to be taken out first. It is currently at 2.83.

2. Notice the horizontal bars on the left side of the chart. The green area represents the volume that bought OPTV the last time the price was up at these price levels. That's an awful lot of overhead supply waiting to come to market. Those people are losing on their positions and are praying to God that they will sell if he will just let them break even.

The current volume bars don't represent enough demand to take out that overhead supply, in my opinion.

This butterfly pattern looks like it might break down unless something changes in the character of the stock in the coming days.

stockcharts.com[h,a]dhclyiay[pb200!i!f][vc60][iut!Lh14,3!La12,26,9]&pref=G

dabum
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