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Re: Matt_Chart post# 36030

Sunday, 02/27/2011 3:13:20 PM

Sunday, February 27, 2011 3:13:20 PM

Post# of 118202
Low volume often marks the calm before the storm IMO (most sellers are done selling, buyers haven't started bidding it up yet), the storm being a decisive breakout one way or the other (my guess is to the upside but I'll be watching carefully for confirmation). Whichever way the volume takes it will indicate near term price direction. If it can break above .03 we should get a nice move higher from there IMO.

This is an important week for PCFG in terms of price action development (next week at the latest), smart investors will be keeping a close eye on it.


FWIW, I think .90 is extremely over-optimistic for the foreseeable future (I'd love it if you were right though). Regardless, if I see this breaking to the upside this week I'm adding more before it gets away from me.

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