I can and will tell all that .04 is not there after the volume events.
Prior to the volume events, .026 is there, but .04 is not actually there as a support level that should enter into the analysis.
If you want to look for .026, you are entitled to say the charts contain it. I think .043 is the current hold point.
Since 12/16/11, all that has happened (LOL) is that there has been a huge explosion and retrace and a gap filling and so forth. But there is also a pattern of regularly higher lows.
Higher lows. One after another. And volume events dominating.
.043 may hold. It may not. If the volume events of the 5th & 6th do not continue to dominate, .026 will be the test, not .04
.04 is fictional after the 5th & 6th. .026 is actual prior to them.
.043 is thin, I grant that. But as of this moment, it is what has held and we have not seen any spikes below to .04 since the volume events of the 5th and the 6th. And each new low since 12/16 has been a higher low each time.
Simple as that.
Peace.
Imperial Whazoo
"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."
