the charts

Still considered by many to be a black art, I have found charting usel even if it is just to help me understand how chartists think. As the SRI thread alrady has a considerable knowlege base with regards to Geology, I thought I could contribute with my basic understanding of charts.
The first chart shows the trading channel we've been stuck in since the failed Affluent bid. 12 cents is the resistance level we need to hit then close above to breakout of the channel. ( TA's will view this most positively)




The Second chart is a daily, Aug 4 saw a gap up on volume( gaps can worry some ta's but the volume here is very positive)this behaviour can be the precurser to a rally.
The following 2 days opened at the preceeding days close and the last two have tested the 12 cent mark on deminishing volume. So 12 is a bit of a magic number for sri atm. Obviously some SPP participants are happy with a 30% profit s the sooner we can clear out tthat wall the better.





To see what A really good breakout looks like check out my chart on GTE clearly something happening there.