The last minute... and LAQ.V

I think it's human nature: The last minute!

Today's the 10th, and getting ready for Christmas along with the out with the baby wash tax selling... is starting to show in the index studies in the public chart list... while the price is still fairly stable the indicators are weak giving a bit of a bearish divergence overall.

The next few weeks until the first two weeks into January 20011 will finish of the tax season, experience the Santa Rally between Dec 25, 2010 and new Years... then kick off into the January effect. The first 4 months of the 2011 period if they have any historical significance will mark the usual 3 to 4 best months of year there abouts before checking into the go away in MAY cycle.

I have found that otherwise bullish signals increase in fake out possibilities during this time period to New years, and adopting a strategy of stink bids may lose a couple of gainers... it will also keep you out of the sights of some shocking volatility if you chase... the best strategy is to bid the low range of daily movement as the least you do to protect the pile for being able to buy a new pair of shoes for Santa.

Keeping some powder dry is another.

As a matter of record since this morning you can see the effect of crossing the upper bollinger when it comes to the next day of trading.... looking at LAQ.V in the Public chart list demonstrates this... StockCharts Public Chart List  that it is a good short term indication of impending back fill if you actually pop the bollinger instead of hovering the rise just under. Hovering the rise just under signals more to come.

If you managed to get in under .10 cents on LAQ.V ... you should be in a pretty good position to control risk... charting indications suggest that this down day was for the most part trader action, and so far not a factor of insider hosing...

I don't have a hard time imagining that if the price drops for a buy in at .10 cents with a little more caution in the risk department warranted as to the size of the position...  the downside should be limited, and in the near future it is suggested by the indicators that there is a good probability for another run at .13 cents and a look at level II suggests that barring no surprises... it may break the resistance.

I'm looking for that move to the black 20 day average which is .10 cents to show support, otherwise level II is not intimidating as of this post. You can see it has filled the ask tiers a bit more than before, however it is not crowding the bids, and the loose hands could wash out from there down to .10 cents as they drop into the range.

GLTA Lostoutwest

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