personally; its scary since volume jump over last 5 days has gone nearly 5 times over previous 10 days - we used to track 8-10M and that too avg as some days it has been 5/6M only...
PPS is also in lower channel of trading and stuck between 7.65-7.85 (+/- 5c)
Dollar is also on record run here and isn't helping
One good thing could be that someone is accumulating big here.... but then who knows..
time will only say the story ..
finally my patience has run off with the investment here... was in with avg of 5 since 2011 and got out @7.75
looking to buy some high quality stocks like SLB or HAL when dust settles with oil sector
35-36 is possible and that too with just 3 good weeks. I know sounds funny but then if dollar weakens a bit (crowded trade) and also some other fundamental news (ex: FED stating that low interest rates are here for now); china/india/russia buying Physical all the time anyways and BINGO