MPIX Daily Chart.......... And Happy New Year to a

MPIX Daily Chart.......... And Happy New Year to all MPIX Shareholders!

During the previous two corrections on this move from .0008 to .02, we've seen pullbacks and consolidation of 4/5 days and 6-9 days depending on what uses for their pivot points. The current decline and consolidation was 7 days. I'm hoping the move up from the low of .0062 on Thursday proves to be the low. That reversal at .0062 just happened to be where the MA200 was sitting. The stock also never closed below the MA50. It also didn't close below a horizontal support line at .0075/.0076. Yesterday was also an attempt to move above the horizontal resistance at .0099/.01. These are all levels that a technical trader/investor would look for as possible support areas. As I mentioned over the last couple of days, the selling appears to be behind us for the most part. The stock still has a little work to do, though. It needs to close up and over the MA7 and then the MA16. The first attempt at that was the intraday move to .0112 which was also the highest price level in five days. A close now at .0112 or higher, as I mentioned yesterday, should set up the stock for a move to .015. A close at .0151 or more would suggest a test of .02 and a potential breakout to the .056 and .0885 previous highs of Jan 2012 and Oct 2011. A few of the indicators like the FullSto and faster MACD have started to level out, suggesting that the decline and correction is behind us. The slower MACD would need to see one or two more days of the share price moving into the .01s before it begins to level out, although the Histogram did level out the last two days. The RSI is ready to move back above its 50 line. And of longer term importance, check out the A/D line. During the entire correction, it didn't fall. That points to continue accumulation. Maybe Emax Man can bring us up to date as to the approx number of shares that have been accumulated since the strong move in the A/D indicator. I believe he was showing just under 400 million shares having be purchased and held from June forwards. My guess is that MPIX is setting up very quickly now for a test of the previous high of .019/.02 seen in mid December. GLTA