price movement, page-19

Hi Pajm (and any other believers in the black art of Charting),

Just thought I'd provide a quick update on my Post 6321518 of 14 Feb and the chart it contained. I have attached an updated version of the original chart which contains an 'updated insert' at the bottom left corner.



For interest, I would be looking for a close above 31.5 cents today to demonstrate that resistance represented by the Median Line has been broken, the higher the better and prefereably (but not necessarily) on respectable volume - say 800,000 or above. Note that price has already penetrated it (to 32 cents) earlier this morning before pulling back.

If the close above 31.5 cents occurs, then the next step should be a backtest of the Median Line within the following three days to confirm the ML as a new support level before taking off for higher targets.

If that close is not achieved today, then a pullback to around the 28 cent level may occur, to build up energy for another run at it.

All looking good at the moment.

Regards,
Bones