Redback Networks, Inc. (RBAK)

[PowerPole]

FWIW...RBAK closed at a new 52 Week High again today...

For the second day in a row...

By .01 over yesterday's close...With an intraday high today of 12.34...Which was .42 cents lower than yesterday's intraday high of 12.76

Hey...I'll take it! Even if it was only a penny higher today...

I have to admit, the charts the last few days are Volatile, and it appears there is a tug-of-war going on between the Longs and the Shorters...

It's very interesting to watch, but as far as making any predictions of what it will do tomorrow, or next week...I couldn't even begin to guess...

The good news is: It has outlined where it wants to go, and when it finally settles down a bit, will be much easier to predict the next move, which I feel strongly will be:

To Continue the UP trend.