imo the bottom is in.. as i pointed out in my charts yesterday.. There appears to be no more follow through to the downside.
As gut wrenching as this can be, prices wont be marked up untill all supply has been absorbed. This was confirmed yesterday by the test into the lower range of the shakeout bar.
The crawl up has now begun.
Also, this has been one of the largest downwaves (volume wise) on the SSN chart. Alot of weak holders have thrown in the towel. I see this as a positive.
And strong holders/buyers have stepped up to buy/absorb the current prices. keeping in mind we are also on long term support.
Patience..........
(And start forking out for decent crews T.B :) )
VERBOSE.
LOL
SSN Price at posting:
9.3¢ Sentiment: None Disclosure: Held