AR up...Hi SirThanksalot,
Yep, we got a nice pop today, and it "appears" we have claimed the trend for the bulls, however... It could come back to test the lower wedge trend line, which would then also let it fill the gap created today... I would have rather had it run from lower levels without gapping, but it still may run with gold... The positives are that the MACD looks very good and is suggesting a nice bull run from here, (I just don't like the gap, and I hope I am wrong about it) ... On top of the MACD, we had strong volume which supports a bull move without filling the gap... I would suspect that there will be two large components of what we do here... They are :
1) The price of gold... If gold runs, we are going to move. The Jr.'s always lag the majors...
2) Libra Advisors... They love to play the stock... If they believe gold is going up, they will likely hold this time, but have shown us many times their trading in and out of AR selling into momentum...
All in all, it is meaningless for the long term gold bug, as AR is in an envious position to be sure!
Cussy, the Windsurfer:)