i made this chart yesterday, more for my own research and to work out a trading range if one was to occur. as you can see a few of the levels were busted today. i'd say that we are where we would have settled with C. wave if Japan hadn't of happened. 12 is next resistance to break.
the FA are pushing this along very nicely and it was a bargain for alot of traders. it will have a retrace soon, but nothing major, just an aid for the next movement.
PEN Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
