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Re: PinkElephant post# 3970

Saturday, 02/03/2007 3:01:42 PM

Saturday, February 03, 2007 3:01:42 PM

Post# of 51429
Point taken.

One of the areas that I am reviewing this weekend is the HMGP daily trading activity during May - Sept 06, (i.e. volumes, daily prices ranges, the tech stuff). In fact there appears to be a H/S hidden in the chart when you look at May - June - July.

What is interesting about the decline June - Sept. is how volite the daily price was during the decline, it was all over the place vs. in this current uptrend the daily price is in a tighter and more controlled range, again supporting what many on this board have said; the current long term holders commitment to hold thier positions. Also, the amount of >1,000,000 volume days in this uptrend are far apart, in fact the last 1,000,000 volume day was 1/19/07. IMO another good indicator currently in place.

Oh well, at least I have one more day to continue this deduction process. As I said earlier, as many on this board have done in this run...take the seed money from December and let the rest go with the flow.

Kels

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