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frodo_1978

05/18/11 9:36 PM

#6753 RE: Red_Wolf #6752

you are absolutely right Red, the last two candlesticks have been hammers. Hammers are significant escpecially at the bottom of a trend because they could signal a reversal in the prior trend. We need some follow through in order to confirm the reversal. I suspect we are close, especially with such strong support here, not to mention we have closed at .0033 the last three days. a break of this short term downward channel will give it the fuel it needs to attempt another assault at the "zone". Volume has definitely dried up lately, as there are virtually no selling, and alot of the transaction that show up as sells are actually buys that went off at the bid. TADF has definitley been very resilient. Just look at all the "hot coffee" stocks and others that have had runs lately and they have all tanked. TADF has shown remarkable strength, and is only ten ticks down from the closing high of this current run. These are good times to accumulate, as many of us have this week.

GLTA

xSpade60

05/18/11 9:43 PM

#6754 RE: Red_Wolf #6752

Absolutely, pretty much what was I was trying to say in short. My studies are leveling off and we have solid support. We just need some buying volume and we'll be on our next leg up. ADX just started to curl up EOD today, I think we'll start back up tomorrow or friday.