Technically the closing high of 5.2 on the 31/12/10 is the point of no return for me in this up trend. It was followed by the first break up on the 4th/01/11 to 5.8 that was followed by a continued upside to 7.9 on the 5/01/11
If price breaks blow the 5.2 level it looks ugly to me on the daily chart, this may spell the end of the current trend and a new pattern formation emerging.
My hope his for a bounce back to high 5's 2moro followed by head popping back through to 6.1 there after and an uptrend resumption.
All fingers and toes are crossed at this point for me. I am sure none of us want to see this current trend languish and die out.
Followed by another 4-6 months in the wilderness...
BLR Price at posting:
4.7¢ Sentiment: LT Buy Disclosure: Held
