IPIX: double bottom in the making

IPIX Corporation Formerly known as Internet Pictures Corporation (IPIX). The Group's principal activity is to provide mission-critical imaging solutions for commerce, communication and security applications.

Let me show you a long term price chart of IPIX:

No mather how many charts I see I still get amazed about a move like the one that happened on IPIX about a year ago: the stock went up 13 times in just 13 days

But, a man can't live in the past, and not in the future, remember that. If you can do something, you can only do it at one time: now !

And now we have a promise of a double bottom in IPIX. Of course, that double bottom isn't confirmed yet, but through the years I've learned a few little things about a stock's behavior ...

... and I'll give you this clue: if a stock is coming down and volume is increasing, that's a positive divergence. That's what happened in point 1 in the chart and the stock rallied. Then, slowly, it came back down again, roughly to the same level, but now with much less volume (point 2). This tells me there's less selling pressure at that second «valley».

With less offer IPIX is starting to climb slowly and volume has picked up yesterday. It's now fully ready for a jump, I believe. And if I think a stock is going higher I must put my money to work on it.

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David Randolph
www.3stocksonfire.org

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