Replies to post #22493 on Zion Oil & Gas Inc (ZNOG)

[tothe]

chart~~~ Green Dolphin; I was thinking on the same line too because of a similar candle pattern for today's (now it's yesterday's) three candles. But our candles are too small, IMO. I figure it would be too presumptuous to call and would aggravate or increase polarization on the board.
http://thepatternsite.com/ThreeWhiteSoldiers.html
If we are lucky enough break out upward from the three candles this is one possible low volume pattern you get.
http://thepatternsite.com/8NewPriceLines.html
That is how 8 days of staged short covering would look like, it could go on as long as 15 days. At the end I would expect ZN to have a 38% to 72% retracement before the next move up. We do have a lot of fanatical technical traders in ZN that just only live on the FIBs. :-)