I tend to disagree with the 42c call on no news
I reckon we may see a return to low 50s at some stage, probably not today, but I think that level will hold
and a bounce from there will confirm the bottom in the absence of bad news
it may not even get that low yet
volume has dried up, the selling is almost over imo
there isn't that fear of the unknown associated with the selling, we've had a bounce and that has helped to allay the fears
those who were gonna dump are out
it's only opportunists buying and selling now imo
the bad news seems to already be factored in so it's only a low volume drift on no news
as I said earlier we are still in the downward channel but if stay at this level for a few more days we'll be almost out of it by default
I wonder how quickly they can get back on the tools and drop another hole
it's all about the next few holes I reckon
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