Kspiece - RE: What was the actual reason ???People are sheep, they follow the herd. I couldn't believe my eyes watching it happen, but I wasn't surprised at the same time. See the macd cross confirmed first thing this morning (on an hourly), it didn't take much to convince people to keep what they had left.
The way I see it - we had around 150M trades over $1.50. thats our support.
with all the bashing here, something big is happening. without any news, I see it back to 2 tomorrow. The big boys want in and games are being played as I type. There will be fake walls at pre open, then It should actually open up, based on the overselling today, then drop to 1.20 because of more scared sheep. then we can begin the climb to our next levels of support.3.50 and beyond.
B