I think the drop from 9.40 has ended and that a sustained up swing is underway, i’m monitoring the four hour chart, it is smoother compared to the hourly chart, we need probably more liquidity to be able to use also this time frame for quick day trading; thus so far I’ve been paying more attention to 2 and 4 hour chart. Too bad that for now isn’t possible to sell short with mtgox and also option trading it’s missing, otherwise it would have been possible to sell short at 8.60 with a minimum target of 0.5$ down to 8.10 or 8 where to cover the short trade.