$MPIX Weekly Chart The simple explanation of what

$MPIX Weekly Chart

The simple explanation of what is keeping the $MPIX price down, aside from the bidwhacking we have witnessed, is the 20 week moving average. Several weeks ago it opened slightly above that area and gave us the possibility of a continued surge. However, this is the first time that it encountered the 20 week moving average since almost a year ago and resistance was just too great.

The take away there is that these trendlines are valid price targets, and although it is acting as a resistance level right now, it is still a point on the chart where price went to. The implication is that the 2 cent area that I have been harping on is the next major target. Look at how in June of last year that is where it shot up to, and then pulled back, then fought hard to get through before breaking out to the 9 cent area.

$MPIX has now battered the 20 week moving average resistance area for 3 weeks in a row and has weakened that resistance area by doing so. With the bid whacking, shakeouts, and accumulation at and around the .004 area between the lower support and 50 DMA, it is obvious to me that a big move is brewing.

As mentioned on Friday, the minimum time I believe it will take to get our big move will bet 2 weeks. Of course it is possible that management surprises us,heck it is even possible for the bears to do a head fake and create a mini rally back to the highs to get people long, then just slam them back down.

However, the big move to 2 cents I expect will have occur no earlier than the middle of September. That's the reality of trading folks.

[IMG]http://i.imgur.com/J1uXX.png[/IMG]