(01-07-2015, 03:04 AM)petrengr1 Wrote:Optimistic view. A triple bottom is better than a double bottom. Hopefully the triple bottom is in and it will not fall lower. Comments from the experts?
Actually Pet, if we get a key reversal in and around the 43.50 area, it would be a quadruple bottom and very positive. If you look at the last 3- 1/7/14(low 43.92), 10/15/14( low 43.25), 12/16/14( low 43.66), you see the same thing......a downtrend that hits support and then a strong reversal the same day to close positive. I would feel very good it we had the strong reversal today to close positive( Croozian Reversal). If we close below say 43....look out below with a further drop of 10-20% in very short order( 7-10 days)
L Ron Rules!

