Wednesday, January 23, 2008

Time for the baby to bounce?

We are getting an almost picture perfect tech rule #1 move (the technical rules are on the lower right hand side of the home page). First leg down, consolidation, 2nd leg down of roughly equal magnitude. The next significant move should be a bounce back up to the consolidation area. At this point I no longer want to press the short side. I'll elaborate in tonight's update.