Thursday, September 28, 2006 9:37:13 AM
Good morning Tina.
The SA makes some good points because yesterdays close at the 50MA was good for GZFX, but in order to create a new bottom it must continue to close at or above .0045 for the couple of days. If it does not do this, then yes it will be right back to its previous base of .0040. If this can close above .0045 for atleast 2 more days, then this will test 100MA at .0054, but yesterday .005 proved to be a pretty solid resistance point and must break that before it can test .0054. If it breaks the 100MA and holds that for a few days then .0059 and .0068 are then next resistance levels. I am still lurking and waiting for this dog to successfully turn around.
The SA makes some good points because yesterdays close at the 50MA was good for GZFX, but in order to create a new bottom it must continue to close at or above .0045 for the couple of days. If it does not do this, then yes it will be right back to its previous base of .0040. If this can close above .0045 for atleast 2 more days, then this will test 100MA at .0054, but yesterday .005 proved to be a pretty solid resistance point and must break that before it can test .0054. If it breaks the 100MA and holds that for a few days then .0059 and .0068 are then next resistance levels. I am still lurking and waiting for this dog to successfully turn around.
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