Without any preliminaries heres a couple of charts. First is MtGox with 4 hour candles showing double top, dead cat bounce and current ralley, which may or may not end up being another dead cat bounce..
I have shown a few key lines, the trend of my old bear fork in red, the trend of the current ralley with some green lines and a horizontal line of resistance in red which has previously acted as support. This attempt to break up through that horizontal resistance looks like quite a key battle to me. However the path to new highs and shooting to the moon doesnt look that easy even if it does break through. There are similar lines of horizontal resistance at higher levels. I would still rather be short than long at the moment.
This resistance also appear to coincide with the top of the regression channel I was looking at in my comments recently. I won´t pretend to be an expert at regression channels. Make of it what you will.
Happy New Year!