The superscript "�" in the first paragraph should have referenced the "reason" opined in the closing paragraph.
The other unintended omission was that the violated downtrend line referred to in "a)", DTL2, was the successor to the downtrend line, DTL1, which originated at the prior session's (1/05/05's) i-d h of 43.06. That i-d h is also CXW's current 52-week high.
DTL1 came a cropper (was violated) on 4/04/05 when its value was 39.28 and CXW rose to an i-d h of 39.52 that session.
DTL2's value today (to the nearest mil) was 38.349 while CXW's i-d h rose to 39.55.
Yea anything old Indian Cycle Buyer shoots at goes up $2.00. He was screaming sell when it was $16.00 and started screaming sell at $36.00 so I bought more. Hopefully he will squeak up again surely that will put CXW over $40.00. Just funning I do not have a clue. Good Luck
Considering that the price of CXW has risen as high as about +8%, today, from what it was a/o the date & time of G2G's posting on the 1st, the General would surmise that Mr. Market had been patiently waiting for Glenn to finally figure out how to bury a dead mule.