Current Trade

Wednesday, October 13, 2010

SQI.V update

I saw the first sign of weakness selling in the form of a solid looking hollow candle which gave birth yesterday in the form of a Dragonfly Dogi type candle.

It gapped this morning and we have a nice hollow bullish candle... I am holding off for a bit as the indicators that should support the move are quite listless and not responding. I hope they will perk, and the price will drop back under .70 to the low .60s, maybe under. This is Wednesday, which consistently is a bullish day despite the heavy distribution, with many issues making some up move.

GLTA Lostoutwest

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