Wednesday, June 18, 2008 10:02:01 AM
Amazing thirty-cent gap up this morning ...
... continuation of which blew TIV through what might have been some slight resistance around $8.00-$8.20.
And now TIV is trading right around what would ordinarily be the next resistance level which could require some volume to get through ... the low $9's.
Going for three back-to-back-to-back 200,000+ share days.
It will be interesting to see whether this turns into a real 'gap and go' situation running into Russell Recon. day .... or will that '3 days in play, take your pay' traders' adage kick in and allow for at least enough temporary consolidation to fill that gap before continuing upwards.
In either event I think the prospect of the Russell buy-in should result in TIV being even higher than it is right now by the time June 27 comes around.
JMO - jonesie
... continuation of which blew TIV through what might have been some slight resistance around $8.00-$8.20.
And now TIV is trading right around what would ordinarily be the next resistance level which could require some volume to get through ... the low $9's.
Going for three back-to-back-to-back 200,000+ share days.
It will be interesting to see whether this turns into a real 'gap and go' situation running into Russell Recon. day .... or will that '3 days in play, take your pay' traders' adage kick in and allow for at least enough temporary consolidation to fill that gap before continuing upwards.
In either event I think the prospect of the Russell buy-in should result in TIV being even higher than it is right now by the time June 27 comes around.
JMO - jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
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