hey Kenton,
all the runs above 10c have happened really quickly in the past. so once it gets legs and clears 8c, it motors through the 9-10c range.
lots here who have been here who can attest to this. doesn't mean it will happen this time.
problem has been staying above 10c and the 50% retrace that occurs when it breaks down from here.
big vol today so could well be accumulation by some bigger players.
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- expect signif support @ 6.7 & 7.6 retest soon
hey Kenton, all the runs above 10c have happened really quickly...
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