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Sunday, February 26, 2006 6:11:34 PM
WITM
I think that this stock may actually be setting up to develop the beginning of a new ascending channel, as suggested in the accompanying annotated chart.
The current channel is too restraining for the assault on $0.45, and to sustain what is to come after.
The elements that will contribute to this are highlighted in the sketch. Essentially, the midpoint of the current channel is now the bottom, as opposed to former cycles to the lower trendline. I think there is enough evidence to suggest this, including the bounce back from the most recent market wide PM selloff currently underway, industry wide.
WITM is perfectly placed to take advantage of this, IMHO.
I think that this stock may actually be setting up to develop the beginning of a new ascending channel, as suggested in the accompanying annotated chart.
The current channel is too restraining for the assault on $0.45, and to sustain what is to come after.
The elements that will contribute to this are highlighted in the sketch. Essentially, the midpoint of the current channel is now the bottom, as opposed to former cycles to the lower trendline. I think there is enough evidence to suggest this, including the bounce back from the most recent market wide PM selloff currently underway, industry wide.
WITM is perfectly placed to take advantage of this, IMHO.
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