Hi Ghassen,
The following post was sent to me late last night for this thread by TChai. I didn't catch it until just now.
Sam
From TChai,
Today action is very encouraging. Having missed calling the top with reversal days on Apr 22nd and 29th, I suffered like every Borl long because of my own greed. Twice, the market gave me the signal of intermediate tops (reversal days on heavy volume,) but I refused to see.
With close to a million share today, the near panic selling indicates that we are near the bottom. If tomorrow May 20th we have a reversal day (lower low and lower high with higher close and heavy volume like a million shares or more,) that would be the bottom. A super strong support is the gap at 7 ¬ to 7 3/8 in that area. That gap was made around mid to late January. I'd be impressed if MM's can take it there. If anyone see that price, be sure to mortgage your house and buy. As the saying goes, buy at the bottom gap, and sell at the top gap (like the one on Apr 28th) You can not lose buying at the bottom gap and selling at the top gap. Generally, when the gap is filled it will reverse the direction from where it came from.
Like any birth, it involves pain. The birth of Inprise means pain for all the long. But when the baby is born, there's hope for a new beginning. Good luck to all the long. |
