Technically, we are just above resistance, 4.12-4.64. Volume is +46% over average. There is no resistance just above. However, we haven't seen what I would call a 'breakout'. Even so, this slow climb looks impressive.
You know, it reminds me of the bull trap of 1822. the charts showed a fibunaci skidmark that day, and left a 50 day moving trail of debris that not even the indians could pick up. We were at lunch, but we had our horses hitched and we were wearing our irons. Then, just as whiskey pete started mouthing off about a new bear trader in town, we heard this ruckus on the floor over by the spitoons.....to be continued.
. . . The ruckus was caused by Chief Fire-in-Belly who was counting his ears of corn on the corn exchange. "Corn not do well on Commodity market," Chief Fire-in-Belly said. "Me switching to acorns. They do better. Much support from the squirrel population. Dey luv dem nuts! he exclaimed. Suddenly, a drum beat sounded loudly and Big Chief said trading halted in acorns for a special news bulletin ... to be continued [by someone else].