time for another rest now eh? interesting.good occasion to take...

time for another rest now eh? interesting.

good occasion to take advantage of hype and get out on open this morning, but only for a short time. Was a bit predictable given the shallow bids below the matching price and fail to breach 9c at the last moment. Got just above my target of 8.8c from yesterdays 7.8 buy.

Reckon 8c looks good support, possibly if we see a cooloff lasting 1-2 weeks will trend down to about 7.5c (good gap fill, we already got one this morning to 8.6 but didnt bounce off it).

A 1-2 week retrace imitating the shape of previous highs' aftermath (see november 16 and december 17 2010) would fit.

Still, after that 10.5c is the next target sell.

time will tell.