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Message: Repeating share price pattern

May 12, 2008 09:11AM

May 12, 2008 11:22AM

May 12, 2008 11:24AM

Here is the 3 month chart from Bigcharts.

3 times now we have repeated the share price pattern of a quick runup from the low 2's, and then a gentle decay to the same levels.

The amplitude is decreasing over time, and there has been strong support at the 2.00+ level.

I am not an expert chart reader (dr bob, advise us?), but I do know the funnel shape of zigzag decreasing volatility - large swings in share prices zigging and zagging down to small changes - like the ringing of a bell - and which pattern tends to lead to explosive breakout moves.




May 12, 2008 12:00PM
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May 12, 2008 12:51PM
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tau
May 12, 2008 03:14PM
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