bollinger, page-64

I think that is true BUT

the reality is we are in Dec. The probability of anything being done between now an say the 20th is small and after that nil IMHO.

ADO is next years story and this run is biotech fever or trader pumpas. You know I believe it's cheap so it's just taking a run to a fair level but these kinda traders need to get out - either they suck in longer termers at higher prices (I know they got some out of me around 9c last time!) or they dump it back out.

Today was a very strong day in the sense that it back filled and closed strong so that makes me believe there could be legs behind it but good pumpas know how to make the techs look good too.

8.5c is the 61.8% retracement of the recent move down so that will be the first sign of a sustained move higher but 10.5c is the key - I reckon a week or 2 above that and I'll believe we are in the brave new world.

Until then - bring on 2012.