Our system posted SELL-IF . The previous BUY recommendation that was confirmed was made on 07.30.2010 (33) days ago, when the stock price was 0.3100 . Since then MMTIF has fallen -9.68% .

The SELL-IF alert is still valid. A bearish confirmation however is denied. The pattern is not yet rejected since the past week was not a long white candlestick week. The market is indecisive, so keep up the good work and continue to do your homework digesting all available information around.

The final judgment about the evolving pattern waits for the second week of confirmation. This time, either the bearish alert will be confirmed by one of the valid confirmation criteria or it will be void and invalid. It will also be seen if we significantly erred in our previous BUY signal. So a warning is in order. A confirmation in the next session means that the signal failed. You might lose a significant amount in this case. The following guidelines, however, may protect you from further losses.

We are posting daily the current confirmation status, but It is still your duty to check the bearish confirmation criteria during the week. Reminding briefly, a black candlestick with a downward gap, a black candlestick closing below the previous week's close or a long black candlestick with a big upward gap is sufficient to confirm the SELL-IF alert though with a one week delay. Sell your shares in any of these cases by respecting the benchmarks. In any other case, simply ignore the SELL-IF alert. This is the last chance we allow for bearish confirmation. A confirmation failure renders the assumed bearish pattern totally invalid and starts the process of searching for a new pattern.

The bearish alert is still valid and recent market tendency is bearish, but new short positions may be considered only in case of valid bearish confirmation.