Need Hugeand sustained volume to push through the very tough resistance levelof .40-.45! Everytime EFG moves to break .40, whole whack of shares aresold into the strength (bids) killing any momentum from ever lastinglong enough to go past these very hard resistance points(.40-.45).....IMO these resistance points have be taken out with HUGEvolume, and we will need will over 15-20 million shares to trade from.36 range to .45 in order to get past this "last" real resistancelevel!.....The shares go above .40, but cannot maintain the momentum tocontinue higher! I'll bet Anon. is the single biggest seller to date sofar killing off any momentum to the upside! This is your MM, not TD! Inotice this with other stocks as well were Anon. is always on the sellside, until a fresh upward trend has established with the stock pricethan Anon. goes on the buy side (Meaning the resistance level is brokento the upside).
Just my thought on the trading of EFG and why itis range bound....WE a need another catalyst, other than the regulardrill results...unless the drill results from the JR-HYDRO blow theprevious figures from ROSE out of the water, and the NI Report wouldhelp as well pushing EFG to much higher levels....and WE NEED MOREINVESTORS THAT SEE THINGS THE WAY WE DO AND THE POTENTIAL GOING FORWARDIS FOR REAL! Until than we are range bound!!!