ARQ chart, page-69

I wouldn't be holding my breath on the Thursday announcement, the SP will go up when the accumulator is ready to take it up. That may be on Thursday and it may not be. Actually, based on the price action, it seems more likely that nothing will happen and we'll see a continuation of the consolidation phase.

You need to put yourself in the shoes of a big accumulator; someone with a lot of capital but also wanting to accumulate at a low price, which takes time. Now if they were nearing the end of their accumulation phase they would have done another run up to 70c to absorb stock of the holders that bought in between 60 and 70 cents and are just happy to get their money back. Then on Thursday, when the announcement is released (good or bad) they would use this as their reason to take the SP on a run. We would see a wide spread and big volume candle hopefully into the 80c region; this swift price action up through a large resistance area will hopefully discourage any investors who bought in this region from selling out. It is at this point that the people that exited in the 60-70 region and are kicking themselves for getting out jump back in (FOMO), adding to the upward momentum.

Unfortunately, this hasn't happened and I fear it may not happen. In fact it is very possible that we see actually see a stop hunt on Thursday followed by a continued period of accumulation.