I also said they can take it down to 0.30 on heavy dumpage. After which it will recover quickly.
Pretty sure we will form a reverse head-and-shoulders pattern here. The left shoulder was something like 0.32 so it doesn't really matter if the low now is 0.30 or 0.35. The head was 0.23.
It's just typical that the hedge scum or whoever sold today is taking us lower. I told my group yesterday they will probably drop us to 0.32 before we go up. That said, of course I was not happy today. We were lacking buyers. I'm kind of fed up with this pathetic market.
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