Indocan Resources Inc. (IDCN)

[STOCKCHARTER]

TECHNICALLY SPEAKING IDCN UPDATE: ACCUMULATION PROCESS CONTINUES. we still remain in long term accumulate mode. we continue to add massive amounts of idcn shares. we have several profitable positions in the major markets that will be liquidated as overbought conditions develop on each individual stock. we are looking at approximately 250k to 300k new money being put into idcn. i would be very surprised if this does not clean up the remaining hot postions in the .0006-.0007 area. i feel it is material to discuss this. so everyone is properly informed on our upcoming buying strategy. we still have not heard from the australian meetings however with the upcoming holidays we really dont expect any yet. [e-mail]