wa1 Chart, page-1780

Actually, I don't see today as a complete negative. I remember when we fell from 7 bucks to the low 4s I made the observation just before we took off to 11 bucks and beyond that we had formed a descending wedge where i saw a bullish break out pending. At the time I said I expected the SP to break up through the wedge then come back to back test the top of the wedge before going on a bullish run. But the back test never happened because the next day we got a kick ass announcement, and the SP just took off. Nothing HAS to happen on a chart but back testing a breakout before continuing a bullish run is not an uncommon thing to happen. Two things I will point out about today's chart:

1. Whilst price did fall below the neckline of the reverse head and shoulders it did rally late and closed above it (tick)
2. Bas10's daily volume update shows pretty high volume today but not quite as much as yesterday BUT (and it's a big but) most of the fall was on low volume and there was one long GREEN hourly candle late in the day that accounted for a lot of today's volume. (tick tick)

All that said I would add that right about now would be a really good time for a positive announcement to come out to keep the momentum going on a not too shabby looking chart.