RAMTRONIAN's Cache Inn Message Board

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Politics : RAMTRONIAN's Cache Inn

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From: NightOwl	3/29/2007 7:20:45 AM
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Well... Another day... another what? Regardless of yesterday's market weakness, the flat close was not a good sign for me. In the absence of a good reason to think otherwise, I've got to think the PTBs are going to make another push at a close under 2.66. And if that happens the "third rail" on this line is going to get shifted to 2.53. Frankly I don't see any reason for us to ever close under that level without some kind of "bad" news, so if it happened I'd have to say this train is busted and we'll have to rebuild it from the last low at 2.46 if not lower. But my real problem for today is trying to figure out if they'll succeed in taking out 2.66. It looks to me like it could go either way so I'm not going with GTC's today. Barring some deranged MoMo Bulls stepping in I think we're almost guaranteed to see another test of the 2.60 level at the open. And I suspect that a close under 2.66 would require us to break under the 2.57 level before noon. So I plan to sit and watch the early action. Lordy... 2.57 would be extremely tough for me to pass on. I mean its just a dime over the old 2.46 low. But I guess that's why they call it bottom fishing! <Hoo><Haa> 0\|0

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