Just tuning in after a busy couple of days. Yes a bit of a pull...

Just tuning in after a busy couple of days. Yes a bit of a pull back. Looking to consolidate the base for the recent break. On the weekly chart that consolidation is above the 150wk moving average now with the 200 week getting close at about 1.1/1.2.

I think I mentioned the other day I'm a little concerned about the gap to 8 but someone is still absorbing the selling at 0.9 with large buy orders so perhaps it won't be closed. I'm also still seeing resistance to 1.2, probably indicated by that 200wk ma indicating where the really stale long termers may be sitting at now. Lots of traders don't like moving averages but I find they provide some guage on the mood of different segments that make up the market herd.

Once we're over that average consistently I think we'll find the stale holders will be mostly out. From there it's up to the company to prove there's value out in them there hills!