I have a Crystal Ball and it works! Only in hindsight J… Here it is I pondered if BRCD would run to $8 on 4/15 before what I consider to be a bear market rally runs out of steam… BRCD-bull or bear-y Eric F. Looks like the rally has got more room to run. But the BRCD daily chart is flashing some interesting signals…I digress, I don’t want to get caught up in semantics, I don’t really like to use the term bull market or bear market, it is sort of like a label because I can be both based on what time frame I am looking at. I think the market is either trending higher or lower or chopping about going sideways.

All I can say about this week is WOW! What goes up fast tends to come down fast also! I would not be surprised to see all these gains wiped out to set up a “double bottom” for some… at this intermediate pull back point…”We shall see said the blind man” is my mantra. The monthly indexes are showing the uptrend to sideways chop is intact and I figure it will likely be several months before value is reached and another major direction may be set…

Now back to the BRCD chart at hand…Not sure when this thing will run out of gas but it is looking to me like a weak advance…The 52 week high lies at $8.42 all former gaps in the daily are now closed…Somebody once said- “sell new highs”…Looks like a short opportunity may be coming in this one…

Good Trading,

Eric F