...just a few more technical chart points to follow up.....
Now, in this downwave, IF we get a rally /bounce here that continues , it could hit big resistance starting around 2.50, and the 20 ma is around 2.75, the 50 ma is around there, to act as a wall of resistance. This down wave pattern could play out in a longer time cycle, an Elliott wave ABC pattern, this downwave so far could be only the wave A portion, the bounce back to resistance at 2.60 area,as a wave B,at the 'cloud zone' , that could decide (or not) to roll over around there, followed by another downwave Wave C that retests the 2 dollar zone. (1.85-2.20) area
The plunge down to 2.10 the other day was a good falling knife to catch at a buy target zone, but beyond that...its time to watch the resistance cloud zone now....
Thanks 123tom please keep posting. I've used your info to protect my investment here. If you are deleted please direct us to a forum where your allowed to post your valued view.