I feel that it is irrelevant that MAE didnt close at 46.5 -47...

I feel that it is irrelevant that MAE didnt close at 46.5 -47 today.

I dont believe that it to be disappointing that it didnt reach that level today.

There is a trend and channel forming and a new recent closing high of 48 was followed by a retrace and now what could be seen as a possible climb up.

We will certainly see next week, a break thru and a close above 48 will certainly offer clarity and confirmation.

With recent consistent buying, pressure is mounting to break the recent high of 48.

There is not alot of resistance above 48 so this could quite easily run very quickly with a break of that mark.

Time will certainly tell.


cheers