It was a methodical and mundane Friday with lower prices across the board but decent action considering yesterdays big bounce.

Backing and filling is fine as long as we dont take out recent lows. It allows those who caught the turn to sell out along with others who have been waiting for a bounce to reel back in some capital and regroup. What we like to see is these dips bought by stronger holders who are stepping in as they recognize bargains.

While this week didnt replace all the losses, it was a nice break from the relentless selling we have seen for what seemed like years.

Rest up this weekend and well see you back here Monday

RevShark