Lumenge - it could also be argued that since the January highs, we have been in a "flag" or "pennant" formation.  Typically, as the descending line converges with and meets the ascending baseline, there is a strong breakout one way or the other.  Our recent history suggested that the breakout would be to the upside, with a target around $2.00 CAD.

Unfortunately, it looks like we broke down out of that flag last Friday, and have continued down since then.  If this is indeed such a resolution to the downside, we could fall to the $.80 to .84 level before finding serious support.

But as I have noted before, I am NOT a fan of technical analysis with low-priced stocks and "special situations" such as POET, as the SP is typically much more responsive to fundamentals such as news or the lack thereof.

MtnView