I previously wrote that we'd trade in the .30s to .50s after we failed the prior test and traded down to .33. I said we could see a bump up to the .70s but that I expected we'd get another test of the lows soon after going that high.
Well we bumped up as high as .87 since then, so I was too conservative. But recent days seem to show we are in fact headed down for a test of the lows, as I expected.
We may get that test sometime in the next week or two...I hope we hold these levels and my gut says this time we will...but can never be too sure.
If anyone has been looking for a point to put in more money...I'd say trading in the .30s again would be a good time to do it.
If we successfully test and don't break the lows this time...that could mean it breaks our 8 month downcycle...finally
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