crystal clear............, page-45

Nice chart 10c not that I would agree with your analysis, personally although I have used pitchfolks in the past have not found them to be very reliable.

I prefer 62% retracements they tend to have a stronger following both from investers and traders alike, try them sometime. I am not that convinced in the underlying mechanics of the Fibs other than they have such a strong following which is the driver which gives the fib a high success rate.

VIL appears to be starting a new trend long down trend since 2007 as can be seen in the second chart; I make a rounding bottom pattern formation occuring. It is interesting to note that in this weekly chart there is a divergence in price from the RSI suggesting this sell off has not been as strong as some would like to make it appear.

Further since this new found strength of S.P. since late last year, Stochasics has spent a lot more time in the over priced area than the oversold area, where it is now. MACD indictor like the Stochasics are a follower of price and again is in oversold teritory depending on how you interpret. Both these indicators are more for a chanelling price action not for a trending chart as they would really give false reading. They were designed for following a channel and fairly predictive if used as a channel follower.

Yes the overall market again is looking a little bleak, however for some reason VIL often bucks that trend and I am not sure why but the DOW can be down and VIL fly's. Sometimes I wonder if that is the big fella's sitting back bored with nothing better to do than flick a few dollars into a penny stock lols.

This first chart is a daily chart with FIBs, where I see the "potential" Double Bottom right on the 62% retrace how uncanny is that; I say potential as still needs confirmation. For those that believe in gap fills, this point has also filled the gap from lift off on the lift off on the 25th Jan 10. Looks like all the boxes ticked to me




The second chart is missing a day or twos price action as posted it just the other day and did not see any point making a new one. Take note this is a weekly chart used to take out some of the noise in a longer time frame.