Hyper Dynamics: Confirmed Bullish Upwards Trend!

So it appears proper due diligence has paid off.....score one for Inefficient Markets Theory this pas week....as i said on my previous blog... Tuesday would be the day of the HDY price take off....12% gain that day...and its been trending upwards since..

What we are witnessing is a combination of group dynamics....shorts covering their positions...and associated longs, jumping on the train as the engine is starting at the station.

Above we can see that a new upwards bullish trend has been established and is in the process of a continuation upwards. (Blue lines indicate bullish trend lines) This does not come as much of a surprise, based of the analysis of my previous articles.

Resistance was broken at 5.16 today....i found it amusing that whether the shorts or some other market player or power broker wanted to keep a lid on that price..and failed. I witnessed many big multi-hundred thousand share sell blocks get eaten through by bullish volume. This leads me to believe that the massive 20% short postion on HDY (with 4 days left to cover) are getting desperate in finding and exit from their trade. It seems to me some major institution is trying to force HDY down to a lower price to minimize their losses.

Overall the current situation is now obviously a new bull market for HDY. Here are some other points

• $5.45 is the next resistance point...if we can pierce that by Monday- or Tuesday......it should be easy to hit $5.90-to $6.15 a share.
• This is a short squeeze in process....as the price continues to climb acceleration of PPS will increase due to the squeeze.
• Volatility will increase due to the squeeze...so expect a constant battle between intra-day long and sell positions.
• Either way this new bullish trend has a ways to go.
• Last but not least...we can expect major upwards PPS movement after the NASI announcement due any day now.

All in all the trend has been confirmed...so lets sit back and watch the direction of the trend.....but being weary of noise traders jumping aboard the train...irrational exuberance is a reality in every bull run...one must know when to properly exit the trade and take profits!!!