> as of closing dec 24th. 2008
> http://www.americanbulls.com/members/StockPage.asp?CompanyTicker=GBRC...

> GLOBAL RESOURCE CP
> Daily Commentary

> Our system posted a BUY-IF today. The previous SELL recommendation was
> made on 12.12.2008 (12) days ago, when the price was 1.5000. Since
> then GBRC has fallen -30.00% .

> A bullish pattern has developed and a BUY-IF alert is issued today.
> The task is now to confirm the validity of this bullish pattern. We
> will guide you through this process but the Prima Donna of this game
> is nobody but you. First you must do your homework. A good starting
> point may be to keep an eye on after-hours and futures trading to get
> preliminary hints about the direction of the market. Related news,
> events, economic data, and the world stock markets should also be
> closely followed prior to confirmation session.

> There are three possible cases of confirmation. You have to follow the
> next session carefully to check if these cases will hold or not:

> The market opens with an upward gap, signaling a bullish sentiment in
> the first case. Your benchmark will be the opening price. If the
> prices stay over the benchmark, go long. Any white candlestick with an
> upward gap is a valid confirmation criterion.

> In the second case, the market opens at a level, equal to or below the
> previous day s close. The benchmark is that closing price. If prices
> during the session stay over the benchmark, go long. Any white
> candlestick closing above the previous day s close is the second
> confirmation criterion.

> If, however, in both cases, the prices during the session start coming
> below the benchmark, avoid buying. Sell if you feel a definite
> tendency in prices to close the day below the benchmark.

> The third case of confirmation is rarely observed. The market opens
> with a big downward gap suggesting a very bearish day, and the day
> ends with a long white candlestick, but still closing below the
> previous day s close. However, such a day satisfies the third
> confirmation criterion and in this case the closing price of the long
> white candlestick will be taken as the price of confirmation.

> If one of the three confirmation criteria is not fulfilled, or in case
> of a black candlestick or a doji on the confirmation day, the BUY-IF
> alert remains valid, however without confirmation and the three
> confirmation criteria are then sought in the following day. The only
> exception is the long black candlestick. Any long black candlestick
> following a BUY-IF alert makes it (the signal) void and invalid.

> We do not suggest any new short positions given the bullish alert. The
> short sellers should consider covering their positions if the market
> confirms the BUY-IF signal. Otherwise, existing short positions should
> be carried.

> Data provided by:  End of Day Data