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Re: None

Monday, 08/13/2012 6:18:02 PM

Monday, August 13, 2012 6:18:02 PM

Post# of 232507
Chart. On this chart the cup and handle long base has has been confirmed by today's breakaway gap. Resistance at .015 dating back to April offered no resistance today. The flag staff and flag formation started on Aug 12 has resolved to the upside. We are now set up to challenge the resistance congestion near the double tops at the .018-.024 area. We might expect another flag formation in that area, but only the nimble might profit from trading that possible channel.
Beyond .024 there is little overhang until near .034. Then it is rarefied air on to .05. If KMAGamania develops, .48 is not unforeseeable as it equates to the pre split all time high.