Worlds Inc (WDDD)

[Nolerman]

This is likely close to the truth. With IP litigation companies it is not often that charts and patterns have any sway on the movement of the underlying security, however it is very hard to fight the magnetic tendencies of RSI. We were heavily overbought yesterday, and by EOD tomorrow will likely be heavily oversold. As long as the macro effect is a cumulative increase to trading range (higher lows) then it is a bullish pattern. I'm am sure that this consolidation is precipitating a base to ultimately send the SP higher on the next catalyst. Slow and steady is ideal, parabolic moves tend to be immediately followed by the opposite. I'm happy with this weeks movement.