It looks like we have entered a short term trading range (.17 being the floor , once
resistance and .20 being the top). If you look at both the daily and weekly charts,
it looks like we finally have a great set-up moving forward into the year. It has been
a long time since we have seen this type of positive chart support....To me it looks
like .20 is the line in the sand---breaking through there on heavy volume would take
us quickly to those numbers mentioned earlier by Hubert. On the downside .17 is
the number to watch, which was the original ceiling that we blasted through with
ease. We bounced off that number today which was positive, but lets see if we
can hold that number next week, which would be a nice set up for the next run.
Good luck to all, as next week should be an interesting one......
