25 Oct 2013

It seems the continued correction that I was looking for did not come and we have to admit when we are wrong.  That said, we are in an overbought condition both in an intra-day level and at a short-term level.  Perhaps we are still in a corrective mode, but we have expanded our correction to surpass the previous highs.  We will see by next week...

Main-Trend: UP
Short-Term: UP

The next resistance to watch is at the upper angle where it touched the previous high.