My 2H-volume based technical trading algorithm made a call this morning. Switched from BEAR to BULL.

It had been a BEAR since 2014-4-16, at the price of $515.

I think it is about time for the rest of us to switch to bulls also. The risk/reward ratio from being a bear in these circumstances is declining rapidly.

It is possible that the deck was arranged for a dip last weekend (I also noticed it in the charts and warned you). But since nobody panicked, some of the players took action on the greener side.

I tried to send a longer treatise on the possible developments in price yesterday, but since I was on a cruise ship, the internet didn't work properly. I think I'll scrap that one, because of the indicator going long, and good news just cascading on the face of price being -60% below trend. So now I advice to buy for all timeframes from 1 month to long term.