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Re: Anticipating post# 14383

Thursday, 07/10/2008 10:12:11 PM

Thursday, July 10, 2008 10:12:11 PM

Post# of 24326
Good evening, Ken, Gator.........

If I may intrude with a few quick technical notes for GGLB:



In a quick look at GGLB I see a volume increase beginning mid-May. I would guess new shares are being distributed. Be careful of these situations as favorable technical scenarios can be quickly washed out.

Bill Williams, a psychologist, has tinkered in charts and discovered something called "squat" - price changes little in result from open to close although the days range may be wide; like a hammer candlestick, etc, and volume increases noticeably from the previous day. These are marked in lavender. You can see change follows these events. No such event occurred today. However.......

The blue lends a single print divergence in adi. That is, price is lower than the previous close but adi prints the opposite. Change follows these events....... usually. But otc volume games have been known to interfere.

The red points to a negative single print divergence where a trend change occurs.

I'd agree, in chance, the stock probably rebounds from here. Use stops...... always. But be warned...... While the intermediate term price trend is up, adi trend is diverging and warning the volume in this trend is not friendly.

Hey, Ken! I hope the world is on your side. I'll get with you kinda soon about a fly-by.


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