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USXP - Watch!
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[QUOTE]Originally posted by jdg257: [QB] [QUOTE]Originally posted by kywee: [qb] [QUOTE]Originally posted by jdg257: [qb] [QUOTE]Originally posted by jdg257: [qb] Just be careful guys, this is getting dangerously overbought, cant keep this up long without a retrace. In early Feb it ran from .0006 to .008 and then fell hard to .003 when the RSI hit almost 95. Our RSI now is about 85 and i still think we have a few more green days ahead but be aware of a traceback. [/qb][/QUOTE]Dont you guys read charts. The RSI hit 90-95 yesterday which means it was incredibly overbought. This is one of many red days that lies ahead. The daytraders are slowly bowing out of this thing as its plummet is coming so that means volume will be low. I'm not saying this isnt a great company or it wont be able to hit teens but its not gonna happen in a week or even a month. Let the tracebacks happen and protect your principal by taking profits. I'm looking for re-entry maybe friday or thursday at the earliest. A new base will be formed but its lower than this. [/qb][/QUOTE]do you understand that 1billion volume at .008 is $8,000,000 and 1billion volume at .04 is $40,000,000 i cant believe someone would say the volume is decreasing, unless of course you have no idea what your talking about. [/qb][/QUOTE]I understand that, what I'm saying is that when/if the daytraders leave this for a while the volume will decrease. Todays volume was still high but it was mostly sells. The stock will go from overbought to oversold and then level off at a base, thats when the volume will bottom out as well. For now we'll see high volumes of sells until we are ready to head back up. JMHO though. [/QB][/QUOTE]
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