Yes Skol, you are correct on the possible confirmation.... more precisely $4.39.
Something which IMHO is very unlikely..... it has rebounded but, it is also very fragile... could not break $4.30's successfully and failed miserable.... it went as high as #4.37's..... and failed badly all the way back...
It's just a normal fail run IMO.... and sooner then later it will resume it's normal course... which is the direction to clean the $4.18's and head to $4.03's....
GLTA
cheers
T10
Shorting the Housing Bubble in Australia, page-118
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