Chartists....third time's the charm?

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dys1

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Chartists....third time's the charm?

posted on Nov 05, 2007 03:48AM

This'll be the third time since the beginning of Oct. we've had a move up followed with a secondary attempt (we are now entering the secondary attempt of the third time). The first two have failed. I have a support/resistance line at .43-.44 and by looking at it you can get a feel of the trading above and below that line has now relatively evened out (from the beginning of Aug.). I will stick my neck out and call for a move today to .47-.48 followed by a breakthrough over .49 tomorrow. I would like to see some news with it as the technicals are beginning to get topped out.