Well, that sucked...... We took what was a white weekly hammer candle into yet another squatting dog. Sigh.
I am going back and looking once again at my charts, chicken bones, weather dice and pig entrails. I am still concerned about that long sloping trend from March 2011. That has been tested 3 times over that period and sent us lower. The long triangle using the bottom of the start of the last big run up in 2011 is now closing in on that trend, so yes, it is running out of room. Good PR's make for a short run up and then more of same. The overall market is soaring and we are just drifting lower. The big picture is ugly, the near future looks (next month or so) hopeful.
Lets see what kind of sales get generated between now and the next PR and fingers crossed for no more than a penny loss. Better would be just plain break even. That is what sent it running last time if memory serves me right. Shorters are now moving to the sidelines as there is not much left to short on the long trend.
I wrestled with reality for years, Doctor, and I'm happy to state, I finally won out over it. (Jimmy Stewart in "Harvey" 1950)
