Medinah Minerals (MDMN)

[Medinaminer]

This run is different than any past runs by MDMN.

Well, it was easy enough to see the sp rising to the .07 level with the reverse head and shoulders pattern giving the textbook signal the day before it jumped from the .04's. I am in total agreement with you. The heavy volume on the buys implies a relatively "risk off" trade. Someone knows something to hit those large volumes.

This time, the chart did not lie. The reverse head and shoulders played out perfectly.

I am also in agreement that this is a powerful break out, with a huge volume, confirming this run has more legs. If today's volume was lower than yesterday, or just so so volume, I would not be as confident. But, I think all the signs of a strong potential for another major run is in the making between tomorrow and Monday plus. I don't see a buying exhaustion yet. It is too strong to die yet.

I would not be surprised to see a few days of 50M approaching 100M volume, each day. In fact, my confidence level is high enough that we will see huge spikes in volume and price, that I would be more surprised if it did not go as I think it will, up, up and away for a few days going into next week.

I will hedge my opinion by this caveat. If at the AGM they give us fluff, then the sp will definitely sink on Monday. Dah! But I don't expect that will be the case.