Brian

Like I've stated I'm starting to study technical trading, if anything it's been keeping my blood pressure under control..It's fascinating stuff and actually explains much of what's going on, primarily normal trading cycles.. Specifically I've found out about price channels ( knew that feature on my trading platform was for something) and how SP cycle from the bottom to the top sometimes for months until a breakout up or down occurs and a new price channel is formed and the pattern repeats. How does this apply to CLL?, it appears a new price channel has been formed of $1.00 to $1.60 ( an older one was .60 - $1.00, sound familiar).

Now I find it interested that DG made the announcement just as the uptrend towards the top of the Price Channel was losing steam. I'd argue that they knew the price would cycle down and timed the announcement accordingly.

As of yesterday the first support level was $1.00 ( also happens to be bottom of price channel) and the first 2 resistance points were $1.08 and $1.19..NOW my level 2 is showing a 100k bid at $1.10 and a 100k ask at $1.20, which happen to be just above the resistance levels. As I write the 100k $1.10 is getting nibbled at..

So as far as I'm concerned, what we're seeing is just business as usual as the trading cycle continues in the continuous loop.