Good post! In my post, I only referred to the "curved uptrend" (we are now at the bottom of that pattern)....so my expectation is that it will breakdown should 9 be taken out....I certainly agree with the momentum and price trend certainly being in an uptrend....the straight line up from around 6.20 or so and across 7.86 which was at the always IMPORTANT 200 day sma would also be broken @ around 9....any decline would suggest a setback not a change in trend.
This price push up does not change my longer term focus on eventually higher prices and the current interest in the biotech group is a positive!
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