NOT retested it's 50day simple moving average last at the end of July and also the beginning of September - it is banging on the ceiling once again today. IMO this signifies one of two events, (a) an unexpected (positive) event, (b) the obligatory technical retest, (c) an earlier than expected play by the institutional holders.

The RSI has surpassed 50. Two of the last three times this has occurred (Sept 07, Jan 08) it has gone on to touch 80, the last time this occurred (July 08) the movement was technical and failed at the 50 day simple moving average end of July.

'Intraday' technicals show RSI has touched 80 and ordinarily signal the SP will retest 60-65 cents today prior to another potential run. The exception to this is if this would be an event (a) type scenario, whereupon the market is pricing in unexpected news - yet a possibility.

I do think the institutional holders will need to move the SP up for year end, for compensation and to salvage face for their annual performance reports. The question is would they put this into motion so soon - A few weeks of trading remain (Last December's bottom occurred Dec 24, followed by a 24% increase Dec 24 to Jan 3). Possible they would do it, to succeed and facilitate momentum lasting until end of month they need to break and hold the SMA50, support MACD above 0 and continue to establish support above $1.00 SP which IMO would lure additional liquidity into their game.

Regards