CLQ Chart, page-554

Today's candlestick:

From the point of view of a long (me) that blood red candlestick, especially after the past 3 to 4 days, looks to me like an exhaustion of selling. That long fishing line suggests to me that buyers took control to day's end. My thinking is that spec/momo investors took profits probably believing momo is diminished. Their shares were then bought by longer term investors -- though at this stage value investors aren't in, perhaps deep value investors building positions (eyeballing the ~$420k that came in from the possible exhaustion bottom).

Thoughts on exhaustion selling today, anyone.

OV

PS Maybe RF is the one getting his average cost down -- kidding, I've no idea.