RE: The sales over At his moment, we have, on the japanese candlestick chart, a "bullish abandoned baby", a very rare and very reliable bullish reversal pattern. However:
- the day isn't over
- we don't have the huge volume that would accompany such a reversal (especially yesterday)
- that is subjective, but I believe we don't have the kind of extreme undervaluation that would caracterize such a reversal
- Also subjective, but in a situation like ATP, confidence should return slowly rather than suddenly.
- Though it is a very positive and significant event, I don't believe that this nomination would be sufficient to suddenly restore confidence