Mark, I think the critical first point is slightly under $15 (like $14.5), but yes if we hold these prices, then another rally could come and I think if such a rally develop and exceed $16.5 (which in the case of a rally could be a one day affair), then we could challenge the just under $20 range very rapidly (possibly staging for a break, but more likely a double top there). Right now, however, I still think that $14.5 will not hold, and we have a good chance of revisiting the $10 to $11.5 area. Of course, and as usual, I reserve the right be wrong and change my opinion (VBG).
Zeev |
