I was long when we hit $550... Why not, its the mid term support line and we just had a significant 3 day drop to it... time for the bulls to come out and play right? Wrong... No buyers... Nothing... zip.... A pathetic response from the bulls..
We're not even CLOSE to the short term line let alone the mid term... I looks like we have a double bottom, but it too is weak... There is a good chance that it can get to $580-$590, and if it does I will be unloading the shorts... If the price can't beat $570 here soon then there is only one place for it to go.... T Through the mid term support line.... and they only thing past that is $400
We're not even CLOSE to the short term line let alone the mid term... I looks like we have a double bottom, but it too is weak... There is a good chance that it can get to $580-$590, and if it does I will be unloading the shorts... If the price can't beat $570 here soon then there is only one place for it to go.... T Through the mid term support line.... and they only thing past that is $400