Okay, here's a dangerous post with the would-be sharks in the water here...
Using a 6 month daily chart...
IMO, since this run from .006 started, when we are in an uptrend, we hug the upper BB and the RSI stays on the incline and eventually shoots above 90. Then we have a big volume day marked by selling because of profit taking from the RSI indicator. Volume then returns to normal and we retrace/consolidate back to the 10 day MA, but stay in the 50-70 range with the RSI and without the ADX turning. I do see us landing somewhere around .014/.015 this week without news and then beginning our climb again to hopefully test the .025-.03 range. We have yet to re-establish the pattern of having the 200MA be our resistance yet, so I can’t see us getting back above .019 until we test the 10MA. Thankfully, IMO ADX and RSI are looking good.
Of course a PR can change this to the positive or negative at any time as we have seen. And of course, I secretly don’t know what any of this means, it’s just that Castle and Jim Charts helped me finally see the colors on the chart with the Color Impaired Setting in Stockcharts.
Either way, I still hold all my .006, .028 and .031 shares. Might be foolish to some, but I still see nothing that makes me want to take profits yet with my .006 shares or even think of touching my core shares. I think we continue to run up slow and steady with NO indications of a return to sub-penny or a close below .014/.015 for that matter. Though now that I have some more cash in my account I would simply love to buy more around .006, and I might buy more at anything less than .014.
Thoughts anyone?
Ren
IMODYODD
"Experience: that most brutal of teachers. But you learn, my God do you learn." C.S. Lewis
www.younglife.org
