Just a normal light volume trading day. Yesterday

Just a normal light volume trading day.

Yesterday I forecast that today would make the third day of questionable high volume "selling" that doesn't seem to fill anyone's order or materially move the pps. Well, it looks like the bears made a liar out of me today. Maybe their button is broken or they have finally figured out that they are going to start triggering volume alerts of other technical traders who will notice the MACD cross, support at 3 cents, and the impending close of the daily chart above the 20 day moving average to spark a rally.

If you take a look at the daily chart below you will see that price has threatened the 20 day moving average 8 times so far this month either by trading into it or through it. A daily close above the 20 day is a textbook rally trigger that even the most inexperienced of technical traders follows. It is in the bears interest to prevent this from happening as long as possible and hope that some how the momentum reversal seen on the MACD dies out.

Unfortunately, fundamental catalysts are on the near term horizon. I am focused on the 10 Q and personally think that any other news from Texas or Belize would have a multiplier effect. The bar for the 10 Q is not that high as it won't take much to beat last quarter, and then the next thing on watch is the 10 K.

There's the after hours fake trade for 220,000 fake shares sold into .032 8 and a half minutes after the bell. At least the bears remain predictable on that play.

[IMG]http://i.imgur.com/phFFl.png[/IMG]