The NEW KANAKARIS: KKRS, The 'MOVIE_SITE?' Message Board

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Microcap & Penny Stocks : The NEW KANAKARIS: KKRS, The 'MOVIE_SITE?'

KKRS 17.83

-1.2%

3:55 PM EST

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To: LORD ERNIE who started this subject	2/15/2001 1:26:02 AM
From: Charles Kalb	Read Replies (1) of 173

Here's a couple things I've been watching on KKRS' chart. On my chart, I have KKRS finally breaking to the upside on January 17th out of a 7-1/2 month-long Falling Wedge. Just for discussion purposes draw a horizontal line at 0.44 from the High on 12/13/00 over to the recent peak centered around 1/30/01. If price were to rise more or less uniformly from current level and close above 0.44 (a decent move in itself), then we would have confirmed one or more bullish formations. Take your pick, with just a little latitude in interpreting formation rules, one could say we would then have a Head & Shoulders Bottom, a Triple Bottom, an Ascending Triangle, or a Cup & Handle. Don't matter, they all would predict a target of 0.68, a move of 172% from today's close at 0.25. By the way, T.N. Bulkowski's recent text "Encyclopedia of Chart Patterns" states that the usual MINIMUM price target after breakout from a Falling Wedge is return to the high at the beginning of the formation, which my chart shows is about $1.80, a 620% move from today's close. Somehow, I think the ride might be a little bumpy on the way to $1.80, but KKRS has been higher than that several times on much less substance than we have now.

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