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GoldBergs

06/06/10 9:22 PM

#58178 RE: obukid #58177

katx=.18 bvig=.70 add them together and what you have=0.88.

wishful thinking
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patriots33

06/06/10 9:23 PM

#58179 RE: obukid #58177

I say it opens at .21. Should be a very positive day. Alot of buyers tomorrow.
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PennyTanker

06/06/10 9:49 PM

#58186 RE: obukid #58177

Barring any sort of PR, my prediction is one more week of consolidation and then we turn the corner. Which corner we turn, I'll be better suited to predict that later this week. Granted, should we get a PR this week it will render all chart analysis useless until the explosion subsides. As far as tomorrow goes, I'm calling .18 at open and a close around the .176 range. Unless we can get some volume, we won't have enough buying pressure to push this up much higher. I'd like to see us stay above the SMA20 seeing as how we've already had a cross of the SMA5 and SMA10 to the bearish side.

Don't forget, our first big push back in mid-January had a consolidation period of nearly 2 months followed by the next push at the end of March and lasted a month before the most recent movement. Folks are getting bent out of shape after only a couple weeks of consolidation since our recent high of .252 on May 26.

In my opinion, set an alert for any news releases on this one but put it out of your mind until then. This is experiencing a similar consolidation (in terms of SMA movement and average volume) as the last two upward swings.