Veltex Corporation (VLXC)

[mytejano]

VLVT since Sept. has shown us 3 volume "peaks" followed by 3 volume "valleys" each time..The 1st peak was as the stock topped out at .10 in Sept followed by a low volume valley..The 2nd peak was at the end of Oct.as the stock put in a major low @.02..The 3rd peak was as the stock topped out at .10 late Nov..After the Nov.peak VLVT went into a long down trend and formed the 3rd low volume valley in late Dec. and first couple days Jan..The last 2 days action of the volume picking up is confirming just like the action at the end of October that a 4th volume peak is now underway and MAJOR BOTTOM is nearing completion..If tuesday's .031 low was not the final bottom then most likely we will get the final low on wednesday or thursday at the latest!!Even after that however I still expect the stock to trade basicall sideways on lower volume for a few days just like it did in the first week on November before the next significant UP move comes..(Unless some major news hits the wires that could change the scenario)..We shall see..Tejano