The breakaway gap at $3.60 filled today, so the stock is much stronger now on a technical basis.  I dont trade on TA, but I know lots of other people use it as their primary indicator, so important TA based signals are worth noting.  For sure once KXL dropped below $4 some people were putting their bids in below that gap, expecting it to be filled.

The market depth still looks pretty weak, so I expect KXL to flop around a bit in this range for at least another day.  By the end of the week we may get some traction.  Usually traders will want to see a sign of a bottom or base before buying back in.  I chose not to wait and paid too much yesterday.

I think we should see some interest generated at the Vancouver show this weekend. KXL is the hottest gold exploration stock right now and it will look cheap after this correction.

cheers!

 mike