A retreat back to the bottom trend line before advancing again would leave the bull market well intact. (This is about $10.00) However, at the moment such a retreat is hard to imagine.
It can still happen, shake a few people out and provide others with a buying opportunity, as they see it, and away the bull goes again.
Would be good to see some partial retreat, consolidation for a few weeks, and then advance into recent high territory.
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- chart for those interested
chart for those interested, page-8
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