PINL:VLTAF - Post by User
Comment by
VentureTrader1on May 26, 2011 3:42pm
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Post# 18630730
RE: All gains wiped out
RE: All gains wiped outCan't catch a bid right now - I think probably another trip back to 1.20 is in the cards (maybe its required - can't let the market take off right after the accumulation without a little downside first). If this was going to be the move, it would have happened already. Probably what'll happen now is
- big capitulation move down to test/break the previous lows.
- immediately following that, a big rebound right back up that will be the legitimate trend reversal.
See XG.TO, PX.V, MRO.V, MRZ.V, TRR.V for examples of what I think is coming up. No fun, but it is what it is