I guess we're not reading each other right.
My chart shows some Friday panic. Which leads me to believe that some more panic selling remains.
The 5.40 I mentioned was to just reference the 'correction' from a Wednesday few weeks back.
I call the movement we see now 'swings'. I have not taken any courses, so may be the terms you and me are using are different.
Anyways, I also like to factor in some fundamentals into the chart. By that I don't mean book value, etc. I just mean the buzz - sentiments - news.
The drop we saw on Friday was coming. It was sideways - good thing - but then lawsuit news - a cheap pop - and then red close at 1.84 on slightly higher than normal sideways volume.
I know many who got in on that lawsuit news. I wanted to if it could break 2.50, but it didn't, so was sidelined.
So now if the buzz remains the same, then may be a little drop and then bounce. BUT if the buzz changes, its anybody's guess.
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