Hi Wayne.
I would appreciate hearing your thoughts on the following.
Yes, the breakout does appear to be a faker and the market unpredictable and volitile.
Isn't it interesting that it fell back to the 2x1 line so quickly.
From where it crossed the 2x1 line back only 6 weeks ago. I can only wonder if it will tomorrow do what it did when it originally crossed that 2x1 line.
(day before market closed under the 1x3 daily, only to retrace with a move up 60 cents, and followed through with higher prices.)
It this market is ready to hit all time new high's wouldn't the shake out have to be this drastic?
Or are the exports to asia not big enough. Part of why the timing is so favorable in my eyes, is the Asian conference is already next week.
I am looking at the balance of this whole thing. That's all.
SImon.