AI
Tuesday, March 04, 2014 5:30:36 PM
As you can see, we broke the resistance at $1.88 (which is now support, thus the green line) and are now in what I am calling the "Sweet Spot". From this "Sweet Spot" we are in striking distance for a breakout above $2.05, so things can get exciting!
Volume was better than average, but not astronomical. I feel we may be in the beginning of our next move. Look for even higher volume tomorrow.
What do I think will happen?....My guess is we bang our head against resistance at $2.05ish either tomorrow or Thursday but will not break through.
The market will wait and see what comes of the CC on Friday. A Positive PR, and we have fun Friday. If its just the same old same old, then we drop back down and start all over again.
PS.. With all the conferences coming up this month, the fall should not be all that bad,(we probably will stay in the "safe zone") but can certainly assist one more bear raid.
GLTA
Chenzo
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