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Post# of 44006
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roguedolphin

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roguedolphin

Re: ctb post# 2044

Monday, 10/03/2005 4:49:33 PM

Monday, October 03, 2005 4:49:33 PM

Post# of 44006
We now have what is called "overhead resistance" between .10 and .14 cents. All the high volume has the classical technical earmark of what is called a "blowoff top".....or "key reversal" in technical trading terms.....

at least for the "near term"(next few weeks or so).

http://stockcharts.com/def/servlet/SC.web?c=AMEP,uu[h,a]daoayyay[pb50!b200!f][vc60][iut!Ub14!Li14,3]...


AMEP may have trouble "slicing through" all this upside technical resistance until it's worked off in a significant correction from here.

That is at least how the "classical interpretation" of today's "key reversal" trading would "transpire".

Sold today and looking to reload in the weeks ahead.

JMHO.

Rogue

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