Regarding fear level and the chart....
First, the chart I post is dead accurate.
Second, I never said this was a peaking fear opportunity.....we are FAR from that. I was only talking about a quote that is good to follow as a general mindset.
third, we have ALREADY broken below the channel (although I did not want to post that to create more aggitation). This break "could" be followed by an accelerated fall in price that would need to be confirmed by increased volume. The 200 Daily Moving Average is below us at just over .34 cents and would be the next point of support. Often with a channel break you will see a "backtest" of the break line that was once support and then gets confirmed as new resistance with the backtest.
We will just have to see.....
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