trades 3/12 to 8/12/2011, page-42

I wouldnt call the latest SP of 7.1c as a higher high as this day gcn had a big announcement regarding valuation of 30c and came straight back down breaking many support levels. Now if SP held at around 7c over the following days after the valuation announcement that would be regarded as a higher high regarding up trends stocks.

Now for the triangular wedge formed over the last 4 or 5 days with tightening SP range and volumes. Buyers and sellers extremely uncertain. This formation has a high propability of a strong move in either direction, but based on the SP action today which is the trigger day or tommorow, it may be a break downwards on strong volumes. This triangular wedge formation also has a high propability of occuring as well due to the formation taking 5 days to unfold.