more definitive follow-up from my 1/16 post: today, I see first resistsnce technically on VVUS, up quickly from my 10+ buy via my "PSYCLE sm" here, 1/1/3 and 1/14, so rec'd. taking some large, quick gains today over 15+....if it does not get to a new recovery high tomorrow, in this market, would also not be a good sign... and, as you know, I have no emotion or greed....also, its May '97 resistance was also in the 15-16 area, and the media getting bullish on some techs, so it is getting a little late, from a S.T. pov....hope I have helped y'all, showing you the depr. base pattern to "buy low into on negative sentiment"....it "may" still get towards 20. gap, eventually, but likely will need more work, and/or a pullback first, from here, if does not breakout anew Tuesday....in either case, I'd lighten up here, technically....volume also lower recently....just trying to help....
a nice, quick gain....best wishes, memorize the "bottom pattern" .... |
