My tech analysis tends to be of the KISS type, keep it simple. I draw lines on charts either with a pencil or my eye looking for trends, resistance etc. I also watch the 50 day MA and volume is a big thing in my way of thinking. PDG made highs in early Sept, mid Dec and late Feb that if you draw a line across gave me whatI figured to be a ceiling. There was one break above when the name changed etc... I discounted it as being an unusual event. The line would be somewere around .38 now and it went through on a day with 300% ofnormal volume. Yesterdays retracement was normal and on reduced volume, and closed above my imaginary line. Todays action taking it higher yeton even igher volume is a great sign to me. I agree that technicals on small caps is a bit sketchy. However, over the last month or so, PDG either couldn't get above the 50 day, or didn't drop below it for weeks. Somebody trades by it!

I like to buy when a stock breaks above an area of resistance and/or a new high. TRR (Trelawney) hit $1.45 in late '06 and never broke above it till the end of October last year. If you had bought on that breakout, you would have a 3 bagger in 5months. Of course, if you had bought in early '09, you coulda had a 100 bagger too! There was probably a good buy signal in there...

Breakouts on low volume are less likely to succeed. I have watched BKE (The Buckle) for a long time to buy it's breakout. Feb 22nd it rose above the buy point but volume was ho-hum so I waited and it has failed. I did buy Ruger (RGR) when it broke above it's 16.38 buy point on good volume on Feb 24 and it hit 21.73 today.

Anyhow, technicals are good till there is something better. Encana (ECA) tightened into a little coil in late feb, early Mar, and I was ready to buy if it broke to the upside. I broke downwards (Sell!) and then it reversed a few days later and shot upwards, probably due to improving nat gas prices. So... technicals said one thing but the story changed and so did the charts.

Anyhow, a lot of this has been off topic but will get my moneys worth if someone takes me to task. Portee, I am closer to the Souris River, south of Brandon (good guess!) and it would have to rise a couple hundred feet to threaten my house. The Assiniboine will cause a lot of havoc, and I think investing in sump pump and sandbag futures might be profitable. Gotta go see my kids teachers so they can tell me what geniuses they are and how well behaved they are. I hope.