once more unto the breach, page-12

Lance,

Great post, mate.

There's only one thing I will point out in your chart to be mindful of. I noticed how you've pointed out 3 little test type bars. As much as you may think they're the same, they're actally not. The first two, yes. The last, unfortunately not.

The best thing to do is have a look in the immediate background. The first two showed up after prolonged down moves. If you look to Friday's bar, we're sitting up in amongst some resistance. If you remember the chart I posted last Monday, you will remember the trend channel. Friday's close was just inside right at the very top of the "supply" side of the channel. Just have to be very careful up there.

This is not to say that it won't move on from here, but you always have to look at the bar in context with it's background.

Just my thoughts...

I'll post a chart later if I have some time.