Thursday, September 28, 2006 8:43:30 PM
Today’s action was a nice change of pace considering every prior spike high had been met with selling or gap up black candles the following day.
Of importance -- GZFX is above the 50dma on a closing basis for the first time since April of this year. Price is currently banging away at the upper Bollinger band on the daily chart. It will be interesting to see how that fight goes. The Chaiken Money Flow is still negative but trying to reverse back up again.
I like the complex rounded bottom/floor that GZFX is trying to put in at .004 cents. A continuation move tomorrow would really be very encouraging and could signal the very beginning of a trend change. Still a ways to go here...
C1
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