Bases,,,I don't think it'll see the pennies now since Greece seems to be getting its traction now.
There are many that trade soley on technicals and buy and sell based on trendlines, stochastics, etc.
By those metrics we are a bit overbought, however, that being said, a close above the first downtrend line would do wonders.
We are at that point now of resistance, so time will tell,,,lol.
$2.50 is shortterm key, and there are several to 4.20 IMO.