RE:RE:RE:double bottom--maybekingbear wrote: ya If this bounces off 4.90 area and closes around 5 we will have seen a double bottom and a possible trend reversal. The SP is not going to continue to fall 5% every day all summer its not going to 3-4 bucks. In 2019 it won't matter if you bought at 5 bucks or 7 bucks, regardless this is unbelievable and definitely in oversold territory.
Kingbear, you were the one stating no way it breaks $5 again when two weeks ago I outlined the technical chart pointing towards breaking $5. Initially, had the breakdown occurred sooner there would have been a bigger bounce rally. However, since it took over a week longer now the downside can be even lower to $4.50's. At this point it has become emotional and I even observe some panic selling yesterday and today.
As you also stated previously, you would man up and tell all how wrong you are if sub $5 scenario unfolds. Well, never saw anything further from you about this and even more incredulous I read you are even berating others for selling between $4.92 and $5 yesterday! Unbelievable