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Re: Treyb69 post# 7290

Tuesday, 05/10/2011 8:18:44 PM

Tuesday, May 10, 2011 8:18:44 PM

Post# of 96904
that makes two of us, i take todays action as a sign of bullish engulfing pattern emerging here

with the news about merger becoming more imminent each day, we got the highest volume since the week of merger announcement - all that with no news

if current trend continues were at the breaking point of the handle in the cup-n-handle formation at EOW to the upside.

Today's action was fairly intense imo the real move is very close, hope more flippers got out today AS accumulation /distribution shows all time highs at 43mm accumulated - LONGS ARE LOADING UP
ALL INDICATORS ARE RIPE - RSI DIPPED WAY BELOW 50 AND WE'RE READY FOR A NICE BOUNCE FROM HERE.


GLTA

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