A quick squiz at the daily chart (sorry, none here - photobucket...

A quick squiz at the daily chart (sorry, none here - photobucket down for maintenance)shows not only that price is pulling away (upwards) from the 41 EMA trendline as per the chart I posted yesterday but that the consolidations during the last 4 moves are getting shallower & shallower. I interpret that to mean that buyers are holding on more tightly (to borrow Ken's expression :-) to the shares under selling pressure at each level as we trend up. An explanation for that could be the level of expectation about BLY's results when they come out based on economic outlook for mining activities - imo fwiw.

Cheers, Sharks.