World Surveillance Group Inc (fka WSGI)

[SEBASS]

3 day drop

is just my opinion based on GTE history of failed patterns like pennants. All last 4 pannets failed.
I will look at those indicators. I think this H&S will fail becasuse negative CMF unlike other h&S patterns. Also when you look at BB then when PPS is rising they should expand and candle have penetrated them but they did not expand. Take a look at last long red candle it penetrated it but BBs stayed the same and then 3 walk down in price.
http://stockcharts.com/def/servlet/SC.web?c=GTE,uu[w,a]daclyyay[db][pb50!d10,2!f][vc60][iut!Ub14!Uc2...

IMO news was positive and pop up in price was due to daytraders taking advantage of postitive PR. Today they exited on larger then avr.volume and we dropped 7.5%. Also GTE failed to brake resistance of $1.60 even on this news of demonstration. (BAD SIGN IMO).

We did penetrate both upper BB and 20MDA 3 times in previous spikes and PPS went down. Look
http://stockcharts.com/def/servlet/SC.web?c=GTE,uu[w,a]daclyyay[db][pb50!b20!f][vc60][iut!Ub14!Uc20]...

Also i can see that you would say 20MDA is our new support but we need few more days to validate that or not. Current support is $1.24 and $1.14
http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=gte#ttop
http://www.stockta.com/cgi-bin/analysis.pl?symb=GTE&num1=2&cobrand=&mode=stock

Check this tonight for japanees candlestick pattern
http://www.americanbulls.com/StockPage.asp?CompanyTicker=GTE&MarketTicker=AMEX&TYP=S

In my conclusion i thin H&S is a fake because negative CMF and BB are not expanding. Price dropping today and CMF still negative. This is an example of how H&S pattern would look like. Notice CMF in green from head to right shoulder and then explosion in next few days. That did not happen today and CMF is very red and low. Make your own conclusions but tommorow is down day i think at best neutral but no way this is going up tommmorow. Remember what i said tommorow. All in my opinion and i enjoy exchanging view.