TST - What Adsy said! Good advice. Thats how I went wrong with my PEN trade - the reasoning was sound except I was too close to supply.
RM - off to bed now, I'll have a look at PEK tomorrow night or over the weekend. Remind me if I forget!
jako - should have added - no need to feel silly - your reasoning is sound and you could very well be right - the things still in an uptrend, (In fact I cant get a downtrending fork thats completed a cycle in any of the recent swings since the last major low)just pointing out the weak bars are at a logical pivot point.