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Tuesday, 05/03/2005 8:00:18 PM

Tuesday, May 03, 2005 8:00:18 PM

Post# of 44374
Tech said this is a good time for accumulation. His reasons seem good, based on TA. Remember my triangle said pop soon, also.

Now remember my posting a OCT/NOV 2004 chart on GTEL weeks ago, with indicator after indicator showing up, and the PPs going no where or down, because of MMs.

That said, My .222 buy order closed today and I'm NOT happy it did.

I just got a chill down my spine. An MM chill. A 2004 SKYC now UCAP chill, a volume doubled, on daily trades halving, daily trade size doubled, with MM % of volume settling, tripleing; chill.

This shows the MMs did just what Tech said today, ACCUMULATE on lower PPs and strong selling that came from where? TA tells us NO trend, volumes have been getting smaller, as spec traders leave on 2 weeks of flat trading. How long has it been since you saw 100k blocks, and 2 million shares settled at the EOD? If spec traders are leaving, who's left to sell 100k blocks on lower PPS, Gtel longs?

A MM ax may have arrived chill. This post replaced a 2 page post, I decided not to post now. That explained why I'm worried about the last 3 days of MM manipulation, with UCAP showing up selling, and a possible end to accurate TA for GTEL, for a while. Lets just say I'm worried, for now.

I REALLY hope my triangle pop happens tomorrow, as it should and UCAP doesn't stay at the ask selling, all day.

If this does not happen, I'd hold on accumulating GTEL for a while!!! Because my spiddy sense is twitching. I'm seeing late 2004 in M&M land. Dought Gtel's good Q1 will create a spec play major run and the Strathead/Exchange move, which will, is months away.

Plenty of time for a long substained walk down, for MM accumulation, before the major run event, M&M profit run. It happened before, could happen again.

Lets pray for the 3 cent pop! Let alone the expected mid term trend reversal.


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