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AugustaFriends

12/24/10 10:52 AM

#109767 RE: Pharaoh-1 #109764

IGC - lots of stocks have a huge RED volume - or it appears that way on the chart (prior to a reversal) - but if you look there were more buys than sells yesterday. I am still searching why the price went down, anything on the PR's that I missed or SEC filings?

Two weeks ago it had a DOJI for the week - then this week it closed on another DOJI- I have scanned many stocks in the past and look for patterns that would indicate a reversal sign.

I noticed many times that a doji / normal candle / doji weeks indicate reversal. see below chart --

I hope this week was the load up week and the reversal indicator.

weekly and daily need to break .67 cents

http://stockcharts.com/h-sc/ui?s=IGC&p=W&yr=0&mn=3&dy=0&id=p18766741752

daily 8x34 -- we were shaping so well as long as it closed above .60

http://stockcharts.com/h-sc/ui?s=IGC&p=D&yr=0&mn=3&dy=0&id=p60915627284