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CaptWhizbang

06/08/12 9:22 AM

#12696 RE: Seasound #12695

That is very likely, seeing how pps has been worked down leading into the 4Q. Looking at the channel pattern, if it does get an early breakout, I think it will remain under $1.03 as IHs may not want to risk a retail runaway. IH still have time to run out time within the pinching pattern:
http://stockcharts.com/h-sc/ui?s=CPST&p=D&yr=0&mn=4&dy=0&id=p48542432852&a=229784039&listNum=1

Now that the pps has touched the bottom of the 3 year Channel pattern. IHs have had their way and may let retail start getting a little traction after the IHS have comopletely recyled the pps. Depends on how the IH are betting the 4Q will go.
http://stockcharts.com/h-sc/ui?s=CPST&p=W&yr=4&mn=0&dy=0&id=p55655581227&a=158223355&listNum=1