Tuesday, March 01, 2011 2:07:22 PM
We have broken out convincingly from the downtrend line, the 10 dma, the 20 dma and most importantly, the STRONG .15 resistance.
The momentum indicators are in a definite reversal mode to being quite positive.
Now this is intraday, and we must CLOSE up here to be meaningful, but this sure is encouraging.
The chart represents the "mood" of the investors, and that mood can be traced back to some kind of knowledge known by a group....let's call them F&F for short.
I believe there is a significant number of them ( an opinion on my part as I can't prove it) and that will be reflected in the volume of trading.
Let's hope this is reflecting a fundamental change in things.
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p32500252740&a=195071609
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