Greenshift Corporation (GERS)

[youngst3r1]

"Confluence occurs when you take fibonacci projections off of multiple trends and get the same number and strengthens when it corresponds with other technical advents such as gaps, swing high/lows, chart indicators crossovers (MACD, RSI, Stochastics, etc.), trading congestion, etc. The more confluence, the more significant the level. I really take notice when I get two or more fib #s (say a 38.2% and 61.8%) to correspond with a gap in the chart or a swing high. Confluence is very powerful as it combines multiple technical analysis techniques to arrive at the same conclusion, and should be relied on accordingly IMHO"

source:http://www.stockta.com/cgi-bin/school.pl?page=fib#confluence

more details on GERS chart:
http://www.stockta.com/cgi-bin/analysis.pl?symb=GERS&cobrand=&mode=stock