>
http://www.americanbulls.com/members/StockPage.asp?CompanyTicker=GBRC...
> Buy confirmation at $1.050 today morning, same as last Wednesday
> closing price.
> I am debating if placing an order for 1K shares at $1.050
> today..............................
> Yes or no?
> 52W at $0.730
> http://finance.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=L...
> Thomas ha escrito:
> > 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