weekly chart & volume

over the past 5 weeks the weekly volume in NEO has been 1 35.2m 2 23.6m 3 27.5m 4 19.5m 5 4.65m (this week) it seems that the selling has definately slowed down. Reading the weekly chart the range from bottom (27/8/04) to top (11/5/05) is 2c to 5.9c with the mid point of this range at .0395c (50%) of the range. This is where we are now. You will also note that for the last three weeks the bottom has been 3.9c support. Also over the past 9 months 4c has been the bottom on numerous occassions so are we now at at bottom. Considering the sell down for the placement all things are the same with NEO. Today is 360 degrees from the low of 2c by the way and with TK back in Perth I believe his adgenda is corporate promotion, tightening up the registry. There have been numerous people creeping up the register even though a couple have been selling. There are also quite a few new Kiwiw shareholders appearing on the register.