This is where I decided shorting last week was no easy walk in...

This is where I decided shorting last week was no easy walk in the park. Yes, GP was "looking" like it will keep falling but it is that block of traffic it has to currently negotiate as it falls that concerns me hence you will start seeing the bulls and bears fighting out every inch and there you have the reaction so far yesterday with a potential reversal hammer to the long signal.

However with the levels I have drawn the support/resistance lines, this reversal is still in the middle of nowhere to fight 3 weeks of bearish momentum.

Like the bears are always reminding us bulls that weekly the peaks are getting lower, I am seeing on daily a momentum reversal ie,Peaks and Trough are clearly higher. As far as my personal momentum concepts borrowed from what I have learned is still intact although the current bear swing is larger than I had expected, that is the market for you. There are no precise exact science rules in charting and more of an art form that is constantly open to debate and derision from the ignorant.

If you look at the gold stock sector here, clearly a divergence in sentiment to what is reflective of the Gold chart. Which set of traders are leading?