PST has bounced up for the last two days from the recent low. I will not call it a bottom just yet. The reason why that is, there is not a complete five waves down. The pattern will look better with one more push lower. Of course, I could be wrong. In fact, looking at a 15-minute chart, one could make a case that five wave pattern down is complete with the low of 11/30/09. However, I will wait for confirmation. So far, the volume has been weak as the price has move up the last two days. That does not instill confidence right now. Of course, it is still early yet to prejudge. Actually, the volume has picked up since the middle of November. I will have to wait and see what the volume does with the barriers I will now discuss. There are several barriers to the price moving higher. One is the 13 and 55 EMA. That has been stiff resistance since August. The 233 EMA has been resistance since June. The other resistance is the horizontal line connecting the lows of March and October. The price has move up towards that line the last couple of days. It will be interesting to see how the price responds to it. There is also a trend line resistance connecting the high of June and August. Getting above that line will be a major achievement. The other two barriers above will have already fallen by the time price breaks that trend line.