GZFX

[DJF]

Its make or break - the last few weeks have seen controlled selling. There was an attempt at a capitulation that has lead to a potential double bottom. If there is no rally from here it could start to plummet real quick. Its an aggressive buy, but don't hold should it undercut today's lows.

DD as always,
DJF

[wicked_trader]

The selling is coming from the S8 shares, but I think it is beginning to slow.. Great News out yesterday, with the commercials beginning soon. As soon as we get through the S8 shares then it will begin to rise. IMO Thanks for the continued insight. By the way if it was not for you sharing your knowledge and interest in technical analysys, and posting on stock charts I would not be able to do what I am today. That is trade. I am also studying for my CMT certification. Thank you again for everything...I believe in GZFX

[DJF]

Just doing my (new!) job...

Glad to be of assistance.

DJF

[DJF]

Just shy of a new breakout - a double in under 2 weeks. Nice score wicked_trader.

DJF

[squidkid]

Definately a nice move today

Like you said we're close to that top..a new 52wk high

Would there be any measurements to guestimate the next leg up when the top is broken? When the next resistance would take hold, or is it up in the air?

Alot of momo should be flowing here with the new ad campaign starting this weekend. So that could make it a new ball game.

I have shorter and longer term targets in mind but just wondering your thoughts.

I don't plan to be selling to soon. Don't have many shares here to risk little swings. It always gets me in trouble anyways lol gotta watch a few more in action

Peace

[DJF]

One way to guesstimate a target is to add the difference between the last reaction low and the 52-week high, to the 52-week high to get an upward price target. The other way is to look at prior highs on the weekly chart and see where resistance (if any) lies.

DJF

[squidkid]

Hey Fallond.

What's your opinion on the price action recently?

The rally failed to break top resistance. Might this be testing of the wedge it broke

One factor that may have killed the momo was putting out their new website late.

Not sure if there o/s increased. I'm going to check

ty

[squidkid]

"The number of shares outstanding prior to the offering (as of April 12, 2004): 556,157,882. The number of shares to be outstanding after this offering, assuming all of the shares offered under this prospectus are purchased under the investment agreement: 706,157,882. Based on the closing market price as of April 12, 2004 of $0.12, this would represent a purchase of 142,045,450 shares by Southern Securities, which would represent 20.34% of the combined total as of April 12, 2004.

"

From the recent sec filing

www.edgar-online.com/bin/cobrand/finSys_main.asp?nad=&formfilename=0001094328-04-000153&x=18&y=8

Raising some funds

[squidkid]

Also, with the possible double top formation.
Would we look for a break of 9 cents or (0.088 bottom) to confirm the double top reversal?
I'm hoping this one doesn't happen lol

[DJF]

Sitting on support of the rising trendline. $0.10 is the battle royale for this stock. See page 9 of my Stockchart public list for the trendline.

DD as always,
DJF

[squidkid]

Any thoughts on gzfx today?

ty

[DJF]

Broke support. Now looking at $0.08 as next test down. Doesn't looks great in the short term.

DD as always,
DJF

[squidkid]

Hey Fallond

Thoughts on today's big volume move?

Looks to be sitting on the declining trendline..also it's weekly 40ma

I'm currently out still, looking to get back in. Don't want to catch the falling knife here if i can avoid it.
I still like the company long term.

TIA

[DJF]

Today should be the capitulation - but it could still move sideways (at least not up) for the next few days. If today is a capitualtion then the lows cannot be undercut.

DD as always,
DJF

[plat]

Fallond,

It looks to me that the bear phase is about to end.
Maybe a bit more sideways trading before the bulls get in gear.
What do you think?