The finish for the week was quite good considering the volatility in the market place and also that the SP is pushing up against key resistance here just below the all time high.
Fundamentally IGR is getting stronger and stronger and technically its setting up for a breakout.Today was an inside day meaning that the SP traded within the range of yesterdays range.If it opens on Monday below today and yesterday's highs and moves above 62c then it will set up for a breakout.News was expected today so may come Monday or Tuesday.
The downside for momentum is a close below 55c.
POG is holding up alright tonight but lets wait and see what transpires tonight.If the markets rally over the next few weeks then it may drop back to around $920.If it finds more support there then thats healthy for a bigger move up in the months ahead or definitely the 2nd half of 2008.
Regards
Tigerpen8
announcement, page-6
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