august week 1 2010, page-79

Hey lads,

Here is a chart of a spec I have been watching. Yesterday I posted this chart of a bullish falling wedge pattern forming on the ADX daily chart and that fact along with many others led me to believe a significant short term reversal was in play. Todays action was very promising and a bullish reversal began. This is not a ramp, I mainly hold oppies in PAAO it's drilling partner anyway, I just thought this pattern build up with the indicators positioning was perfect. Results from an offshore oil drill are around the corner just so you know. Goes to show that sometimes charts playout to a tee and link up with fundamentals nicely.