confirmed reversal

AYN is certaily looking much stronger today.

The open was above persistent resistance at .082 and we see it now looking to buy out .086

On the weekly we see a typical reverse hammer and the action today confirms that status with gap up to commence trading this week.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=AU%3Aayn&time=8&startdate=1%2F4%2F1999&enddate=6%2F29%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=4&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9&x=35&y=16

Normally as the price of silver drops through each trading day (Auz time,) we see AYN weeken after increases at open. It remains to be seen of course, but the buying is holding it up so far and the sell side has decreased in volume.