8 Apr 2014

We managed to tag the 75 daily ma then bounced off it.  Yesterday we noted that this is a possibility of a support due to both 75ma and the lower BB line converging.  We also noted that a rally might occur from here and would need for the ST to turn bullish again for us to consider the uptrend to new highs as an option, coupled with a bullish EW pattern of course.  In any case, we are still in a bearish scenario and nothing has changed on our indicators.

MT: DOWN
ST: DOWN
PA: DOWN

The chart below is still open as a bullish option...