Cardinal, you've been calling for a lower bottom. Weather or not you are correct, I am not sure. But, although we have touched 5 and 6, there hasn't been much action there, and the pps has Very Quickly responded to go back the 7/8 trading range. And here we find ourselves. I'm saying that the 7/8 range has been quite resiliant. How do you know, or theorize that this is not the bottom.
Risky....maybe. But I have picked up more 7's to average down and wait this thing out.
Best,
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