chart, page-36

Ahh Surges mate, I love an interesting discussions on TA. It simply makes my juices flow!

"Since we failed to touch on 2.3 on Friday in a very emotional selloff on the ASX, I do believe that we actually might have bottomed out at 2.4 cents."

Friday's close was not strong enough for my liking unfortunately Surges. You may be correct though, nothing is set in concrete in this business in relation to the future price action.

"The buy order at open for 4 mil showed clearly where things are headed in the short term.
Nobody risks a 100k in such a global environment when not convinced of the short term outcome."

Someone with a lot of lute has confidence in this company, that's for sure. Whether he/or she is able to predict exactly when his/her investment will appreciate, is another matter.
I never put any emphasis over the value of any interday trading activity, it doesn't coincide with my analysis.

"The retreat of the shareprice was not only matched with strong buying at every level down, but also manipulated lower with strategically placed sell orders when it would hurt sentiment most."

Though interesting, I prefer not to analyze interday MD activity Surges.

"Charts are hard to read in times of excessive market panic as nearly all charts I watch currently break through major resistance levels, triggering sell signals all over."

Please permit me to disagree with you my friend. Although times are tough, opportunities still exist for those fanatical techies with an eye for a quick bargain. They will take anything on offer (no matter how measly at times), and charts are the only way to go.
The trick is to decipher how far a falling knife might fall (generally speaking) before a chartist is willing to catch it with the least amount on injury.

On around 80% of my trades, I've sold them the same day my order filled. It's the only way to survive these days me thinks..

"I expect the anticipation of announcements to overtake the fear factor for ESI and a strong performance of our share next week, particularly if we receive favourable news."

Yes mate hopefully some good news will be around the corner.


Regards.