chart

I am not a charting expert. I have no charting software so I can't put a chart up for you. But looking at the 6 month chart I have to say that the up trend is still completely intact. If we go back to sept when the big ann. was released and draw a trend line then I can see some potential here for a 8c bottom before continuing upwards. BUT and that's a BIG BUT a new and very distinct channel seems to have emerged in about the last 2 weeks. In this new steeper channel we are right at the bottom trend line now. Assuming the SP was to stay in this channel, and I think it very possible, then we should see a bounce from this level towards the top trend line over the next few trading sessions. My target before the next consolidation and retrace is 12 and possibly even 12.5c.

Of course that ever elusive report could blow my trend lines off the screen