On my blog on the 12th I said this:1. On the feathered arrow, note the bottom Bollinger band (which has been off the bottom of the chart for a month), notice how it just peaked its head out yesterday and it is going north fast today. This significant contraction in the Bollinger bands is a sign of volatility and the SkunK believes it has been a reliable predictor of such - in this stock - in the past. I suspect this in itself means we will see some significant movement either up or down in the next five trading days.
Look here for a bot's opinion. "The current width of the bands does not suggest anything about the future direction or movement of prices." I suspect this computer generated opinion will catch up to the SkunK in a day or two. John Henry did win the race, didn't he??
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Well I think we are now gonna see some of that volitiality the SkunK promised.
Notice how the feathered arrow now points to a much closer gap in the Bollinger Bands. Also note that the other arrow points to how the 20 day moving average is poised to move through the trading area. The gap between the 50 and 200 day MA is closing to 4.9. We may see some big movement after the release - one way or the other - or at least very soon. These things are not fool proof - but it is what it is.
Good Luck, SkunK
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