The SP broke the 14.13 support, median. Ouch, and in a big way. I did say if it broke, look for low-mid 12s!! If you have balls of titanium, then tomorrow (prob monday) could present a great buying opportunity. why? There is a chance of a bounce, not hugh, but obviously this pull back is over done. The volumes that have gone thru over the last week are double that of the norm, and RSI and MACD almost a buy level. Further to this, the pull back was for no reason other than overbought. Look at the gravestone doji, I am sorry for those that don't look at TA and see that it was overbought last thurs (and the nay-sayers). However, if you do have some titanium in you, tomorrow being friday could present the 7th red candle (loosely known by traders as a possible bounce is due). Remember, that the main action is first and last hours each day. Walk the dog between 10-3! Tomorrow or monday, I'd be looking for a doji or dragonfly doji with a low of approx 12.02. PS, yes a did buy some today (small) for a bounce. Just saying....... oh, if 12 doesn't hold, then $10, but that would be seriously ugly and don't just sell the triumph, maybe the kids or wife! lol GS for me! DYOR n all.
NEU Price at posting:
$12.43 Sentiment: None Disclosure: Held
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