It is a bit hard to tell at the moment Virginiak. I thought it...

It is a bit hard to tell at the moment Virginiak. I thought it would retrace before this and even though I took a short I still managed to make a profit. At the moment it looks like it could be a sideways consolidation if not a small retracement. Overall the chart looks very strong though and I anticipate higher prices. The candle yesterday didn't end up being a real shooting star as price recovered into the close and today is an inside day which would be consistent with a consolidation in preparation for another move up in a bull market.

I guess it depends on whether you accept that the pundits seem to think we are in a bear market now and you should sell any rallies.

It is always dangerous to trade around reporting time so I am staying out to see what happens. Even a good report can bring the price down if it was run up into the report and ends up being a "sell the fact". Also if it is a good report but the "market" was expecting something better then it will be sold down.

Simple answer - I don't know. LOL.

I just follow the lines on the chart.