daily and weekly, page-5

yes sharks your potentially correct. Or are we both correct? I looked at the chart and read supply.

My thoughts are those holders, the ones that didnt get out watched this little rally start. they said to them selves as soon as it go to x amount they were out. Did it get there or did and they bailed when it almost got there.

The other alternative is the SM is bailing or selling at the end of a P&D.

Unfortunately with charting you have to decide what you think will happen, obey your rules and act accordingly. Only in 10 days time will we truly be ably to look back and if we were correct give our selves a pat on the back. if were wrong file it away for next time.

personally I think there is more in the tank, and the SM sat on the sidelines and the weak holders from above pushed it down with supply. With luck that will dry up the big guys will see that be happy and take it forward.

Good luck all and happy to hear all charting views on this threads as it makes me think and that forces me to learn.