downward, page-20

Geez we are an impatient bunch aren't we! retracement is HEALTHY for an uptrend... 3 huge down days on the DOW combined with a lot of traders jumping on board for the rise followed by the big news story being all over and done with and nothing news wise expected in the very short term to drive traders any further. Seems perfectly reasonably that a lot of traders with a short term view are taking profits.

Insto's are not going to jump in the day after the funding announcement... They will take their time to digest and get more info... Retail traders would be understandably reserved about buying straight into a stock that has just run 150%.

It COULD have just kept running but you'd have to be a little short sighted to think a temporary retracement wasn't a good possibility...