could be ah sparkler here 07-25-14
In addition, assuming my trend line was good, we closed above a descending resistance for the second day. This is supposed to confirm a break out.
We could still ride it down, but we've also retraced very near to the mid-point of the short recent up-leg. With "reversion to the mean" being quite common, this might end this down leg. I'm seeing an intra-day low of $0.134/5 as still possible as just normal trade, but I wouldn't be surprised to see an end to the down leg then.
Volume doesn't offer support though, so it's really 50/50 IMO.
MHO,
Bill
