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Re: thistraderknowsall post# 6245

Thursday, 05/22/2008 2:01:48 PM

Thursday, May 22, 2008 2:01:48 PM

Post# of 64475
PILGRIM PETROLEUM CORP (NASDAQ:PGPM) Sidelines Mode
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

Based on a pre-defined weighted trend formula for chart analysis, PGPM scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend):


+10 Last Hour Close Above 5 Hour Moving Average
-15 New 3 Day Low on Tuesday
+20 Last Price Above 20 Day Moving Average
+25 New 3 Week High, Week Ending May 17th
-30 New 3 Month Low in March

+55 Total Score