Things are “unfolding/happening nicely”. In response to Igolcents post # 95107; wamued post #94473; ub2 post # 94516, VivaLasVegas posts #94372 and 95074; 7nech post #95078; drrugby your posts #95066 and 95049; and Clay this post #95090 --- see my previous post# 94517: “Only time will tell how reliable technical analysis is in this situation. Let’s see what happens...”
Drrugby, “the stairway to heaven” you observed is called a small (Right Angle) “Ascending Triangle”. It is part of a larger “Symmetrical Triangle” Chart Pattern that I previously discussed in my post #94461 on Sat., Sept. 12, 2009. In my post #94461 in reply to: VivaLasVegas who wrote msg# 94372, I said:
I “see” a “Symmetrical Triangle”* instead of a (down sloping pointed) “Pennant”. As I see it, this Classic “Symmetrical Triangle” Chart Pattern had a “Break Out” today, Friday, September, 11, 2009 at approximately $0.1530. And according to Curtis Arnold, this Classic Chart Pattern (in an “Up Trend”) has an 86.4%** probability of moving up in price (with a minimum price target/projection of $0.2619). And as someone correctly noted, there is a “Blue Sky”/(“Open Gap” between approximately $0.1800 and $1.5000) which means that once prices advance beyond this current $0.1800 to $0.2089 Resistance Level”, --- prices should easily advance to $1.50 before encountering any “Overhead Resistance”.
See you all in LasVegas!
The Yogi
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