Why do people act like this type of action is not normal and seen on many large runners, look at most of the big moves and runs byo@, kal$, gif# all had big initial runs followed by large retraces followed by bigger second runs.
Come on this is Elliot wave theory yet people act like retraces mean this is over. Volume would dictate otherwise as there was a ton of loading at these lower levels past 2 trading days. Million and millions of dollars traded.
Gif ex went to .14 then retraced to .04 people were probably saying that was toast then as well, it just so happens that to hit .25 shortly there after.
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