SUN Sports & Entertainment Inc (SUNR)

[hmp660]

To the 'chartologists' out there...am I seeing a 'cup and handle' chart pattern forming? My understanding is that as long as the current downtrend doesn't fall below the lowest low and the uptrend extends past the left side of the cup then a cup and handle chart pattern is confirmed. Is this correct? Don't worry folks, we're still in the game. Today sucked but, I guess it can always be worse. Hey, at least we finished on an uptick. I forgot who mentioned it but, yes this stock acted rather strangely today. I also thought it was strange how NITE stacked up on the ask side today several levels apart. I don't ever recall seeing that before as well as several new MM's on the bid. Something is definitely afoot. I'm not getting any bad vibes about it though. I also believe that the majority of the trades we saw today were buys. I base that on the lot sizes...they just didn't seem like sell lots to me. Normally, experienced traders place large lot buy orders and they sell in smaller increments. Truth is we really don't know. All Level II's show is an uptick or a downtick. Most people as well as oscillators assume a downtick or zero tick is a sale. But, if someone is selling someone else is buying. I'm speculating but, I just think alot of accumulation was occuring today at a price beneficial to the MM's. Just waiting to see how this plays out short term. The stock is still behaving in the same way it did after the last event. Long term I'm still holding and my opinion of the company stays the same. Especially after the information recieved by other board members through their excellent DD. Good job guys and thank you. Nothing stops the 'fire' shouters better than facts.
-Dave-