Well... looks as if the speed ticket + the overall market malaise has taken its toll on the buyers with it dropping today ... So my prediction of a Gap up got well an truely walloped.
Perhaps I should have stuck to my guns regarding the touch of the upper trend line at 18-18.5c i ...Ah well.
I see buyers still out number sellers considerably so perhaps we are just seeing healthy retrace before a resumption of the buying... We have retraced about 50% from yesterdays high so if this is the case then we should start seeing buying support about now...
Case for rising trend channel is looking more Solid now ...
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