Starting to get US coverage, page-7

Our chart says "something" will happen next Tuesday, definition of something could be good or bad but I expect to see a volume day back up to approx. +250,000 early next week. I always find it more of a coincidence that anticipated high volume days conveniently coincide with Anns, so personally I would expect to see something out early next week.

SXE. CA chart is further technically advanced to us. They do not seem to have the same seller issues. Moneyflow indicators starting to strengthen considerably (conviction of holders is strong) and momentum starting to now tick up from the big bounce zone.

Our seller still plagues the stack but personally I think its just the accumulator(s) selling to themselves scalp by scalp for as long as possible. This in the hope to frustrate holders out of their positions with the illusion of a 'Big Seller" who isn't going to go away, this tactic also puts off prospective buyers with the same psychology (there are plenty sitting off screen IMO) so double bonus as they will be forced to buy at higher prices if there is suddenly a quick mark up. I think this of the seller because of the similar value in trades that keep going through at the levels where this chart has recently and more historically been capped. I am not discounting a further squeeze to the down side but think it pretty pointless exercise for the bigger players as various previous attempts have proved that no supply is really available at lower levels so to get any reward they would have to drive it below 26c and more recently only faced with 26c as the only next bid this did not work for them .

So in summary I think we should see some movement next week with follow up volume arriving in 3rd week in July. For those with an very optimistic outlook we could then be at $1.64 which is personally my first technical target.

Only question is when will that target be met? ....... to start with a weekly close above 32c would be the first technical step but potentially Feb 2015 is my best estimate as a Short Term High as it will mark the end of the current cycle that we are in.

usual disclaimer DYOR as I just read tealeaves.

C'mon SXA time for some action.