http://stockcharts.com/h-sc/ui?s=PTK.V&p=W&yr=3&mn=0&dy=0&id=p82258836388&a=413841744
Some people don't like TA and I understand their limitations- however, everything has limitations...
My call of being around $0.60 as a likely bottom seemed to be spot on. This isn't just about trendlines, but understanding volume, accumulation/distribution trends, etc. Today's bounce was on good volume, but has pushed up against some resistance. Don't be suprised to see this trend back down and do a retest or give up 50% of the day's gain (down to $0.75 for example). This is ok and should be expected as people will take their 30% gain and move on. If you're a beliver and in this for the long run, accumlate on the way back down.
