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Del, if you download your charts today, you will see what I had feared. Big drop in BOP chart. If there was anyone waiting in the wings to buy in the 10's after the fast pull back from about the $13 level reached late last week, I think you would have seen them jumping all over it on this nice up day on the general market. Today there was no volume on the up tick day, leading to the dramatic down move of the BOP ( after a sharp sell volume should have come in). A new bottom will be put in place when we see alot of volume with an intraday reversal to the upside (down in the morning and up in the afternoon). Also, with the 200 DMA sitting in the low 8's,,, and that likely to be the support level on a pullback as it is in most cases for most stocks,,,, I will wait to buy more... |
