PUMP-N-DUMP MUTATION-7/17/08

We had a mutation in the PUMP-N-DUMP pattern:

1. Break of O/N highs after the bell.

2. Inability to break the lows.

3. Mid-day rally to new highs.


The break of the O/N highs mutation is an indication of bullishness. The inability to break lows is also bullish.

The mid-day rally was on the back of OIL. Signal shifted to S4.

It all feels pretty bullish.