Yeah pretty scary...for any downside movement...especially if the quarter ends up being a temp high...Yearly seems to be breaking out though. There is suppose to be a change in trend in April...the last cyclical event was a high back in Dec. 20...normally you would look for a low...with these highs it implies that it is in a cycle inversion...they tend to be really bullish. if we close above 13.20'4 on a monthly basis that would imply a further advance to the upside immediately for now...Just not a lot of support on the monthly...weekly has a bearish reversal at 12.17'6 than may stop any further decline
Sp!Ke |