Adaptive Medias Inc (fka ADTM)

[Imperial Whazoo]

Oh and I just had one more thought on the subject.

There is a support line you can draw on the chart

MIMV never had any volume except for three days back in July 2012. The HOD of 7/13/12 was .305.

OK, so to see a support line, take a line drawing tool and connect the HOD from the 7/13 day and connect it to the HOD of the high that happened two days before we went thru the roof.

That day was 9/21 and the HOD of that day was .34, so your support line runs from 7/13 (.305) to 9/21 (.34)

Its an upward sloping support line and guess where it connects to our present chart?

10/8 thru 10/10 (today).

As a matter of fact, the tail of the hammer that formed on Monday (9/8) touched it almost spot on (.355)

And yesterday it tried to take the support line out, but rejected taking it out, so sure as shooting: the support served as support.

Same thing today.

The attempt today went all the way to the 786 but it failed there AND it also climbed back up thru the support line and again, rejected taking out the support line.

The upward slanting support line held again!

So I'd say we have a support line in a traditional sense and that line is an upwards sloping line that held the last 3 days.

Pretty clear, if you ask me.

So, IMHO, even if we have a sideways consolidation from here, we will not be seeing support taken out. On top of which. if we do see a consolidation, due to the slope of the support line. I think a sideways consolidation will have an upward bias.

Oh.... and now we have a Garley set up.

And the rule of thumb is "If they can't take it down, they will take it up!"

The MMs make money by the flow of trading. Volume has dried up here and the 618 has held, as has the 786. And there is a major support line that has held multiple tests too.

So I see this going back up rather than doing a prolonged sideways dance.

Thats how I see it, and that is why.

Imperial Whazoo