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Deltasaint

06/15/10 4:48 PM

#8499 RE: glg20 #8498

WOW - GLG has gone skeptic!!! LOL - jk

So I will reiterate what I have been saying the last couple of days. Cordelia (welcome, btw) affirms what I have seen - A major change in the direction of the techs. I too noticed the return of teh RSI, the crossover of the MACD, the OBV change, and the 2nd higher low. Looking at the sixmonth cycle, we have not seen these for a few mmonths.

As for holding on points. This is it. The first was prior to October, the second was prior to January, this is the third one. It looks like the volume has chewed through the .0195 spike for correction. I would not be surprised to see another large spike in the next 2 weeks, with a settle back to the .01 that GLG is looking for...

But Cordelia confirmed it for me when she affirms the technicals and noted that this is indeed seperate from the activity of the company. Any significant announcement, and this will look real good.

This has been appearing on screeners because of teh tech, that's why we got a large 5mill yesterday. Someone took 25K and is trying to ride it IMO.