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Re: None

Saturday, 12/16/2006 6:27:59 PM

Saturday, December 16, 2006 6:27:59 PM

Post# of 3578
GRSR charts:

Okay since I'm the chart guy, here are my updated GRSR charts.

First off, the volume on Thursday was almost 550% above the average 60-day volume of 50K; 270k vs 50k. Friday's volume was pretty good too and the price finally broke above the 9-month long downtrend line. GRSR is now above the 50-day MA and downtrend line, which is bullish and hints that the downtrend might finally be over. The MACD has crossed up above zero and the stochastic indicator has turned up.

http://tinyurl.com/shjco

The second chart is GRSR plotted on a shorter time frame in order to see a closer view. The next resistance levels are 0.90 and 1.00. Also, the broken downtrend line of the triangle, which was former resisantance, is now considered support.

http://tinyurl.com/yyezsq
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