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Friday, May 27, 2011 9:16:57 AM
Yesterday we saw a low volume gain, staying within the pennant. Look for a break out of the pennant on higher volume for the uptrend to continue. On the other hand, a break downward out of the pennant puts our golden retracement to the test again, and, let's face it, 3 times a charm, 4 times is sketchy. The 10MA is sitting right above us, btw, and the 20 right below.
Today is anything could happen Friday. But without news, the long holder might hope that volume remains dry and the pattern from yesterday continues, because if the morning sees an influx of volume on no news, it will probably be sold off by the afternoon, and everyone will be disappointed.
I think those holding from .04's or less are really fine at this point. Its those who bought .05 and higher who are mostly concerned about getting this PPS higher faster than it wants to.
These are just my observations this morning. Anything could happen...
![](http://investorshub.advfn.com/uimage/uploads/2011/5/27/gwipesfio-05-27-2011.png)
...greed leads to angry selling which leads to regret which leads to suffering...
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