thoughts for the new week, page-57

You might like to take a look at this one also...

Notice the price that the highest volume of shares traded hands, which occurred in March 2010?

Approx 7 cents.

Majority of long term holders are sitting on 100% gains at today's SP.

The temptation to de-risk the package by selling half is what is weighing down the SP.

That is the distribution factor at work, that is what is creating overhead resistance.

Large holders divesting large parcels bought at a low price to smaller holders buying smaller parcels at a higher price.

Also note the divergence in MACD (orange pattern) and what has historically happened after a positive divergence occurs?

FWIW - Barring some kind of "news" event, I think its probable we are about to witness a repeat of a similar kind of pattern that formed after September 1st 2011.

Of course, it "could" do something completely different.