Trading, page-1008

Your standard Support Resistance concept states that a strong support broken becomes a strong resistance. Hence I was observing for some reversal back up immediately it fell. The 2nd hour had a muted response and that was all. It was selling market from there as the crossing came from behind the scene attack on the bid stack.

I do not want to see on tuesday a continuation move down BUT an immediate reversal right from the open and try to push back up. The reason being besides a few die hards, most investors can see that such a big key break with heavy volume, Thursday's new buyers are already in the red. If they are very short term traders, then the further it slides any hope of a reversal will be replaced by a 'try to get out as break even as possible' object will replace that initial sentiment. And I think this is the raw concept of why support broken becomes strong resistance the further the snap back delays.

As a holder my fate up to the market. What is in my hand is what I can control; continue to stay or get out and wait to see how market shows its hands. This applies to any tradable instrument so if people think this is a downramp then it is better to be truthful to the situation rather than speak with hopes of recovery based on a belief system. As they say 'Show me the money' directed at management.