boomtime,
if your only going back to 3-17-05 for your bottom line..its probabaly too short of a distance..but i think i see what you see-- i was able to establish a falling resistance line yesterday(lol)..2/24...3/09...4/05 were my points--i am shameful when it comes to trendlines--first thing you should do with any chart is to mark your trend lines, and i never do(lazy)--i got pretty excited today(as you can tell by my earlier worthless posts(lol)-- we gained today on zero news..sure, there may have been carry over, but so what--idealy for me would have been a close at or above the high of the day with a tad bit more volume than yesterday--would of showed much more commitment to the long(imo)..or intermediate/swing(imo)--but not gonna complain..broke through my falling resistance line(lol) today...through 20 sma(should have been stronger(imo))----the obvious has been written on the wall with yesterday's "10 second" "commercial of commitment" via gtel's public relations statement...it stoked the coals...and the fire should now blaze--buyers should be coming in now on the rumor and i think the weak kneed longs got a pair of crutches(imo)---i only see one situation that would be a damper to us....the play between sucker daytraders(by sucker i mean irrational) and the market makers(imo)--we will see------only thing i have to long windedly add is that there are a couple of candle patterns that could form by tomorrow or next day--first be the "three advancing soldiers" ( three white sticks with closes at or near high....very bullish considering the short stable continuation pattern we just had)---second, a "advance block"( same pattern except closes would not be as near high and you would have longer shadow lines(progressively) on top of shorter bodys(progressively).......this would be bearish)--i think we are good to go though(imo)---sorry for all the bs-- good luck tomorrow!
sinc,
bill
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