GM bobby...I took the tiny N/U long partly for the hell of it as I said but do expect more downside...another thing tho is N/U has found support at the weekly Quad Tunnel ever since about August 2009 except for some minor breaches that didnt last long considering the chart TF is weekly...could happen this time but I am looking at the long term picture on it so am not concerned
One other thing about N/U weekly is lower trendline...draw a trendline starting jan 31 2010 and align it with august 22 2010 low...when extended forward uou will see that its pretty well been a line in the sand thats held with minor breaches all this time...of course a minor breach on a weekly chart can be pretty good size but then tiny compared to the runs up that follows the support.Sure want to be on the good side of one of these reversals and drawing 3 1/2% interest the whole time...wouldnt that be sweet!
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