The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!
A stable period near a big rise is a good sign of consolidation, if it stays at this range and doesn't tread downward for a fairly decent period of time this can be considered a new baseline area. Should be interesting though
i agree, so far price rise has been very good. despite what some people think it was fast and big, i say it was actually with a lot of small steps if you look at the short term changes.
for example it was a $90 rise then about $20 drop aka correction then another $50 rise and slow down and then rise some more.
these little corrections of $20 to $60 where price kept dropping were a very good sign of a healthy market in my opinion.
that is why i agree with you on this final stage of "consolidation". which is another good sign.