T: Three black crows still working. You found the downchannel. That is the trend. My short term sentiment work suggests that will continue until there is a bottom resolution. Find May 5th on your chart. Well, we are roughly there sentiment wise. That was a top in the channel.
Don't know how this resolves exactly other than to say it has not yet in my mind. Gas in the sentiment tank is running low again. Gaps seem like gasps when your 7 mpg SUV is coughing up on fumes. It costs more and more to fill the sentiment tank too <g>. So we gots to pay up to go up imo <g>.
A one day doji on 5/17 during opex with huge putski support does not do it for me. Lots of bottom-pickers and rally advocates around. Maybe I am wrong but I justa don't see it. And whatever happens on the rally front, I think it fails again no matter what. That last sentence is important <g>.
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