Appreciate the reply and enjoy your comments on the DT thread. Yip I think the end of day selling is definitely a bit more sophisticated than from your avg seller. If anything the chart is trying to base. There will be some testing of that base and by nature of the testing there are times when tests fail. We really need to see consensus amongst the holders that everyone ses value at these levels. We need to see that the frustrated holders have left the building.
If this level at the 200 weekly SMA holds I expect some sideways movement for a while. We need the 30 week SMA to level off before we can expect any attempt at a trend change.
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