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rich pearl

06/02/08 10:17 PM

#9260 RE: The Rainmaker #9259

yes, very tight spread. i've never seen a flag pattern so stiff. over the last six days of trading the low is .006 and the high is .007. today was the first day in a week with a higher low and higher high.

the chart still shows close to overbought, and the volume has dwindled without leading to a pullback. so...

based just on the principles of a skeptic, i look for this to make a move down to give a parabolic sell signal, that'll be a head fake, and then for this to bounce off the 20 SMA around .005. i think the .003's are prolly dead, and anything in the .004's is a gift. and being how nothing has changed for the worse, i'm still looking for this to go past the one year high at .011.