We also expected .05 , but the volume is gone...
If .045 is all that copi can do on this bounce,
then our trigger is .036 , with freefall to .024
If copi sneaks up to .050 , the trigger moves to .040
But, that will require much more + fast support,
with posts + especially much more $ buys, at the ask, ASAP.
Longs did pretty good today. We thought it would happen
tomorrow. Usually the longs get new cash on Friday. But,
sometimes, when they are over-anxious, they write checks
on Thursday, that they hope won't clear until Friday,
after the automatic paycheck deposit hits.
At this point, it looks like the longs are already out of
new cash. A perfect time for the M&M's to start snacking.
eod today should be interesting. If the next copi crash
does not start today, we see a 90% chance for an even
quicker + deeper drop on Friday, starting at the open.
extra, GLTA
Averaging-down is profitable, for shorters, only.
