we are off !, page-74

"good to see increased volume tho."

An increase in volume in an up trend is not always a good thing. Not always a bad thing either but can be a sign of distribution as supply increases on the sell side. This is what I see as having happened this week. The 2 largest volume days in the last 6 months occurred this week and yet the share price has gone down overall with a number of keen sellers stepping up to the plate.

And yes I am aware that increased volume also needs an increase in the amount of buyers but often those buyers have seen the SP rise over a period of time and then not wanting to "miss the boat" start buying close to the short term top as the sellers start to distribute. After all the SP was up over 150% since the bottom in June.

I am expecting a test of mid to low 30's before we can attempt to push through what seems to be a barrier at the 43/44 level. Of course if we hear positive news in the interim than who knows where the SP will go.