Thursday, August 09, 2007 2:14:12 PM
GBDX
Its quite obvious from the daily chart that this has nearly bottomed, and indicators are beginning to swing upward... Now what I'm whatching is the hourly chart, which is currently in a Descending triangle that is ready for a breakout.. The volume over the past few days has been picking up steam, and it looks like someone has been frontloading to me.. I'm willing to say by next week we'll haev a clear example of which way this is going to go... MY bets say UP. :)
![](http://stockcharts.com/c-sc/sc?s=GBDX&p=60&yr=0&mn=0&dy=15&i=p08343206905&a=114003145&r=882">)
Its quite obvious from the daily chart that this has nearly bottomed, and indicators are beginning to swing upward... Now what I'm whatching is the hourly chart, which is currently in a Descending triangle that is ready for a breakout.. The volume over the past few days has been picking up steam, and it looks like someone has been frontloading to me.. I'm willing to say by next week we'll haev a clear example of which way this is going to go... MY bets say UP. :)
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