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Message: High Level Consolidation

High Level Consolidation

posted on Nov 30, 2009 02:18PM

We are so far in a high level consolidation of POG - digesting large recent gains up near the top of the price range, presumably getting ready for the next leg upward. TDC is trying to mimic this, on a much shorter time scale, at the top of its recent 50% move up covering a 3 day span. It would be great if they both maintain price while gathering energy for the next move.

Big Spring (POG) and Little Spring (TDC) are getting ready to be sprung - simultaneously, and soon, IMO.

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