Bullish channels intact

Weekend charts

The rally started by mid October has been something to wonder. I congratulate everyone who has taken action and closed their shorts or even went long. Having said that, I reckon even the wildest, strongest bulls could not have imagined this rally to go this far. Most of us were waiting for a bounce from the oversold levels but not this. So do not give too much credit to the "I told you so" bulls.They were all shitting their pants during the first half of October.