at least based on history.  Up or down is the question.  Based on where we are in the cycle, and given that I am still long, I think it is going to pop upwards and maybe in a very big way.

I am basing this on the width of the 30 week bollinger bands.  As you can see in the below chart (“BB width”), every single time the 30 week BBs have gotten this narrow it has preceded a huge move, both upwards and downwards.

Additionally, the longest they stay this narrow doesn’t typically exceed about 2 months (a rough eyeball estimate).  Based on that history, AXU’s moment to move could be within a few weeks.  The $10 million question is this going to be like 2010 (a huge upward move) or 2013 (a huge downward move).