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FreeSeas Inc. Message Board

  • dr_dd_hyper dr_dd_hyper Nov 9, 2013 5:17 PM Flag

    Bullish Homing Pigeon

    Another sign of short covering :))

    Market Outlook

    With the bullish pattern detected today candlesticks warned short sellers to be on alert. Market sentiment may be changing in the direction of the bulls.

    Sentiment: Strong Buy

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    • In a few trading days this will turn completely Bullish

      Sentiment: Strong Buy

      • 1 Reply to miamilawrence
      • Exactly - smart money waits until directional extremes (bearish or bullish) exhaust itself. The beginning of any upswings/downswings should be confirmed through increasing volume (a by product of increasing sentiment either optimism/pessimism).

        In this case, there are numerous scenarios that if all play out could bring the volume back to unhealthy levels on the upside - that's when smart money makes their move again.

        If volume reaches near 50mill in FREE, 75mill in DRYS then that should be the sign of the end of Phase 2 which we have yet to start w1 + w2 + w3. We just completed -w6, -w7 (ps 1). DRYS had 9 increments.

        This next phase could slightly run higher in price, if that trend remains intact ph3 should be expected (mid -to late Q1) which could run 40-50% higher than previous tops.

        DUST Q1/Q2 charts as a great example.

        Happy Investing

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