Vaccex Inc. (fka VCEX)

[Imperial Whazoo]

Hey folks, do this basic chart T/A thingy:

Draw a line that touches the candle wicks on 10/23, 11/8, and 11/15, 11/16, & 11/17. Lok at it and put up a chart in anouther window that uses something like 10 minute periods. What does that look like?

Support that is upward sloping, thats what. Three areas where the lows were ascending, and a day like today that took the line out but that has since recovered and held that ascending lows line.

Simple questions:
Where was the low in the first 10 minute bar's candle this morning?Put up a 10 min and look at where the above described line intersects the wick of that first 10 min bar.

Low on bar 1 is the EXACT support level of the line I just described.


Anopther question:
Where is the highest volume 10 minute bar that was the first instance today of the chart breaking down through the above described line?

The 7th 10 minute bar of the day was the highest volume till that time today, and the support line was punched out on that bar.. (9:40AM candle had on 5.6 million closing at .0103, which was below the line).

What happened next:

There was a fight to hold the line. Up then down then up etcetera.

Where did the thing fail the second time and what was the volume? 10:40 AM breaking down thru the line again on 2.6 million volume.

Then up it went at 12 PM, breaking back above the support line on 2.3 million volume.

Since then, it's held above the support, testing it slightly on a pullback that held above it.

Right now, its holding above the line at .0132.

I'm gonna watch the line. If price holds above it or goes green for the day, the market itself will be telling me what to do.

Think about it people. Draw a simple little line connecting the ascending lows and take a gander at how the price has comported itself today in regards to this ascending line.

T/A works.

Imperial Whazoo