busterup no you have not confused me. Lets throw out all TA and just have a quick look at market dynamics and this is why you will be wrong.
The report that come out late friday will either be a continuational factor and a cycle change (gann stuff), if you draw gann cycles on the chart it will hit smack on, but not going down that line.
So if CMQ goes up on Monday it would show investors have accepted CMQ'a position and now like the company, after all the stock has fallen along way down becuase of fear, if investors are no longer scared after the report they start buying which shows a medium term/long term trend change. All the bad news is out and we move on, if there ever was any bad news?
If however investors are freaked by that report and their suspicions are confirmed and it goes down on monday they you know you have a continuation of the trend and a long term downtrend will result.
That is the action/re-action result of this which creates market dynamics. This is the fundamentle reason why it will go up now as CMQ would not put out a report to confirm investor suspicions, they put a report out to make people see the facts and they can not lie when they do this, so its for real.
Cheers
Tejay
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