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Message: The game is on! Tomorrow could be quite a show.

The game is on! Tomorrow could be quite a show.

posted on May 07, 2008 06:27PM


Group, Tomorrow could be a banner day for Kimber.  

From a technical standpoint there were some significant 

barriers that were broken through today.  The battle 

between the longs and the shorts rages on, 

but my take is that the shorts are running out of ammo. 

 They couldn't hold the line at 144, then 150 fell.  

Now we'll have to wait an see what happens here at 160.

  Remember, these guys are still short 1.2 million 

shares.  Eventually they will panic and there will be a 

short squeeze. Might see 175 before the weekend.  Tomorrow 

should be interesting.  If we break past 170 we might 

just be ready to really go, Remember the words of the great 

W.D. Gann: "When a stock (or commodity) advances into new 

territory or to prices which it has not reached for months or years,

 it shows that the force or driving power is working in that 

direction. It is the same principle as any other force that

 has been restrained and breaks out. Water may be held 

back by a dam, but if it breaks through the dam, you 

would know that it would continue downward until it reached 

another dam, or some obstruction or resistance which 

would stop it. Therefore, it is very important to watch old 

levels of stocks. The longer the time that elapses between

 the breaking into new territory, the greater the move 

you can expect, because the accumulative energy over

 a long period naturally will produce a larger movement 

than if it only accumulated during a short period of time" 

…… See you tomorrow, Bull





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