has it bottomed out?, page-82

Hi Burnett, missed you of late :)

A quick chart/post of PDN done yesterday over in the DT thread

cheers

...........

A quick walk thru how PDN let you know that it was not yet safe to go long...

After the initial big drop, large volumes even on down bars HAVE to be wary of ..

note after the first two big down days, it breaks lower as well on large volume

it then attempts to rally back to that area on the smallest spread and volume

let it break lower, or simply stand back

it hits that lower level, goes sideways, now what ?

can we see that of those six bars that go sideways ... we have two that attempt to stand up on less volume and even spread to somewhat ...BUT the ones on increased volume are ALL closing lowish on bar.. it then closes on it Butt before breaking lower today.. easy hey ....we wait