Tuesday, August 29, 2006 9:25:54 PM
Update PBLS
Pinksheet
let's just dig right in and see what we come up with, first, techs are not always right, patterns sometimes do not follow through, i'll be the first to tell ya that, but, sometimes they do and really it's all we have other than blind faith, soooo,
1 year daily
i'm going to point this out again but in a larger chart, dec 13 and aug 21, seriuos downside volume followed by a single large green day and white candle, stochotics are identical, a peak at over 50, then we had 4 down low volume days, we have now had two low volume down days following the white candle, the bottom in dec was hit on that huge red down day, i believe that to also be the bottom here on this last huge high volume down day on aug 24, i think maybe two more low volume down days and we might start to see some green if we can follow the previous pattern, there is only one other place that you can see that stoch pattern and that was on/around feb 6 but notice the volume pattern is not the same, you can also see the pattern in the RSI, same dates, also notice how for the first time in a while we had an RSI bottom higher than the last, this looks to be the last technical chance we may have for a while barring good news, i don't see any other patterns in the charts to draw off of, i'm going to play this pattern out till friday, if the pattern doesn't hold i believe it may be time to suspend coverage on PBLS, we're trying to bring up the quality of stocks on this board up and although the fundamantals look fantastic, the stock is just not performing, not something we are looking for
midas
Pinksheet
let's just dig right in and see what we come up with, first, techs are not always right, patterns sometimes do not follow through, i'll be the first to tell ya that, but, sometimes they do and really it's all we have other than blind faith, soooo,
1 year daily
i'm going to point this out again but in a larger chart, dec 13 and aug 21, seriuos downside volume followed by a single large green day and white candle, stochotics are identical, a peak at over 50, then we had 4 down low volume days, we have now had two low volume down days following the white candle, the bottom in dec was hit on that huge red down day, i believe that to also be the bottom here on this last huge high volume down day on aug 24, i think maybe two more low volume down days and we might start to see some green if we can follow the previous pattern, there is only one other place that you can see that stoch pattern and that was on/around feb 6 but notice the volume pattern is not the same, you can also see the pattern in the RSI, same dates, also notice how for the first time in a while we had an RSI bottom higher than the last, this looks to be the last technical chance we may have for a while barring good news, i don't see any other patterns in the charts to draw off of, i'm going to play this pattern out till friday, if the pattern doesn't hold i believe it may be time to suspend coverage on PBLS, we're trying to bring up the quality of stocks on this board up and although the fundamantals look fantastic, the stock is just not performing, not something we are looking for
midas
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