I know I sound like a broken record, an incredibly dated reference given that record players went out of wide use 20 or so years back.

Once again I'm seeing the chart signalling a breakout....

I've seen and posted about these signals many times before of course, and at times the breakout has been higher, other times lower...a few times nothing happened. 

But no matter whether its been a breakout higher or lower the move has always petered out....when the PPS has broken down there's always been a recovery, and when its broken out higher its always given everything back.

Now, thanks to iconoclast pointing out the 100dma as the resistance point before it had even formed...I'm seeing a beautiful wedge, this time between the 50dma support line and the 100.  Today is the 9th day in this wedge.  

I wish I could post it here, but no matter.  Just go to stockcharts and draw out a one month chart with the moving averages set at 50 and 100 and its crystal clear.  There are three little spikes above the 100 and one below the 50....but beyond that its a pretty rock solid pattern. 

The 100 dma is now at $1.328 and drops about 1 penny with each passing day, on a collision course with the 50dma which is sitting at $1.243 and is moving pretty much horizontally.  MACD is above zero and stochastics are basically neutral in somewhat oversold territory.  It looks like all we need is a burst of volume....

If memory serves iconoclast pegged the next resistance point (assuming we get over the 100dma) as being at the 200dma which is currently at $2.22.....and at least in the very near term I'd be thrilled with that.  But ultimately I do still thing $2 or even $3 is grossly undervalued.  

I just hope and pray that if this chart pattern does play out, and a breakout higher does come....I just hope it has some staying power, instead of eventually giving everthing back as has always happened before.  

One part of me thinks, 'its make or break time'....but I've thought the same thing before.  Instead it just keeps dragging on and on and on.....I want this book to reach a climax, ideally vault up to $10 or even $15 dollar and then settle at least for some time in and around that area.