Here's A Penny Stock Rocket On The Verge Of A 5% Major Buy Signal

Here's a penny stock rocket (not a recommendation, do your due diligence, here's some info at http://biz.yahoo.com/iw/080519/0398489.html) on the verge of a 5% major buy signal, Genoil Inc (GNOLF.OB), see http://stockcharts.com/charts/gallery.html?gnolf.

Note the huge very bullish inverse spike in early June, when a Cyclical Bull Market appears to have begun, after being in a Cyclical Bear Market (did an Elliott Wave ABC down up down pattern, see chart two at http://stockcharts.com/charts/gallery.html?gnolf) for over two years. Volume has exploded recently, which is obviously a good sign.

GNOLF.OB closed right at it's session cycle high of 0.43 on Friday 6-13, which points to more upside early on Monday, and, one more strong rally on Monday might/will probably trigger a 5% follow through (after breaking the Cyclical Bear Market downtrend line) buy signal. Then, I'll wait for a short term Wave 2 downcycle to occur (will probably be punctuated by/culminate with a bullish large inverse spike), and, I'll look to go long very early in a short term Wave 3 upcycle.

.......http://www.JoeFROCKS.com/ .