Todays gap down might be viewed as a nice setup for a real exhaustion gap down with a followup reversal (instead of the tiny 20/20-false reversal of 05/10), only the volume is missing for that.
So I'm afraid we'll have the real go for the 1842 level tomorrow or wednesday. This move would mark a perfect low down to the bottom of an upward channel dated back to 10/2002 and 03/2003.
They (whoever) will fish for the stops, lure more shorts into their fate and slaughter everybody else.
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