Trading pattern has been in auto-pilot for weeks now (and still is). I'd personally like to see an obvious capitulation point - dirty red candle deep into the heart of the 0.09's, long wick back up to close above 0.11 - then I think we could call a bottom. Until then, or until hard FA data (as someone mentioned above) I think we'll just gyrate around.
-10.5 clearly acting as support from the initial jump/success in August (tested 3 times now, over a 3 month period).
- Stochs indicating quite severely oversold (but anything is possible with small caps) - primed for reversal, but likely will need catalyst news.
- MacD indicating directionless auto-pilot (indicative) of low volume algorithmic trading.
- Any fear selling at this point (heavy into 10.5/0.10) would likely trigger various stop losses; (which would be a big buy opportunity) - 0.10 is a psychology line (where many would have stops - imo).
Fun & games. Xanax time.
