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Re: frodo_1978 post# 6736

Wednesday, 05/18/2011 9:06:53 PM

Wednesday, May 18, 2011 9:06:53 PM

Post# of 19899
Thanks for the chart Frodo. Things are definitely getting interesting. We've been in our downtrend for a while now and yesterday's candle was a solid hammer indicating an upward reversal. We didn't get confirmation of that today, but formed another hammer, this time white meaning we closed slightly higher than we opened. If we get confirmation tomorrow then I think we start moving up more quickly than expected.

Selling almost came to a stand still today. I had four separate orders for 250K all at incrementing bid levels. I moved them around throughout the day just below the ask and could only get one of the orders filled. The sellers seem to be backing off and with a little bullish volume I think we can confirm the hammers and we're going to be moving up.

I'd like to hear yours or anyone's opinion on the candles. I think tomorrow could be interesting and depending on volume will give us a clearer picture of where we're going.

On a side note, TADF is once again off yield and back to current.

GLTA

My posts are my opinion only and are based solely on the opinions of my opinions.

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