The impulsively bullish pattern at the rightmost edge of the chart (see inset) is clear enough. However, DaBoyz were holding their cards close to their vests Sunday night with a very moderate selloff, making any speculation concerning their further intentions haphazard at best. We’ve seen in recent weeks, however, that shorts are still easily spooked, and it therefore seems likely that the mild weakness on display at the moment is designed to deplete sellers ahead of a Monday-morning goosing. My suggestion is that we not be tempted to short into it too aggressively if it fails to impress. Night owls can use the pattern shown to get long, presumably on a chart of even lesser degree. If the bull trade works, a reversal and tightly stopped short at D are encouraged.
