consolidation

AWC could not hold the gain today, some traders took profit again and finished flat.

It is moving sideways for a few days and need new push upward, very healthy sign indeed as it looks to establish a base from which a new high will be set.

Traders who hold cash or mostly cash are facing a big battle....either to enter market now or hold for a pullback
yep it is always like this and lots of people are still holding cash....too scared to get in now.
The same people were too scared to get in when market was belted big time last year.

Some will at the end could no longer wait and will enter at the top of wave and then???

2013 looks and feels that AWC will reach much much higher than 1 dollar...unfortunately some have bought in at 2.65 or higher and no stop loss to protect their positions.

Those who hold cash will find this market "frustrating" and that applied to all of us at some stage....those who gambled when everyone sold and holding are now in a good position to make the best of their money.

Nothing right or wrong but to have a green bank balance is the goal of trading.

Cheers,