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Re: ospreyeye post# 25075

Monday, 01/07/2013 7:44:21 PM

Monday, January 07, 2013 7:44:21 PM

Post# of 79678
I think your call about bouncing off the MA is correct. The thing in our favor is it bounced off hard and with volume. If you use the previous run from .004 to .0175 as the pole and then some consolidation as a bull flag, we've already exceeded the "flying at half mast" rule.

So, a lot of folk bought in and we ran up harder than expected by the charts. I'd say we're in for a sideways move for a bit and then another run depending on news.