MedClean Technologies, Inc.(fka MCLN)

[milo3]

smitter, Re. ClayTrader's 'boredom' comment. Typically the direction (up or down) of the second movement of an ascending triangle points to a breakout in the same direction at the triangle's conclusion. MCLN'S second movement was up and that's most likely the breakout direction.
Triangle moves are most often periods when investors await either positive or negative news. If news is not received in generally the expected time frame the triangle will breakdown and the pps will leave the horizontal formation. That horizontal patterns can not continue indefinitely is a given. Considering that penny stocks are often owned by investors with a shorter investment horizon the tendency is that these short termers get 'bored' or (possibly better) impatient and begin leaving for greener pastures.
Clay's chart interpretation seemed OK and appeared to be based in good fundamentals although he might have used impatient rather than bored.