catch the bottom., page-24

Great chart as usual, would be interested in your thoughts on the following:

RSI is low- as low as big drop in Sep- but could even fall lower (as per Jun)

MACD still firmly negative and hasn't kicked over yet

ADX particularly ugly

So my gut reaction was that we are likely to have hit a low but that things need to grind around for a while and the momentum indicators need to kick up. The way I say it there was a chance we could hang around in 0.055-0.059 since we didn't close above the (to me anyway) psychologically important 0.060. A solid finish above 0.060 with momentum indicators kicking up and it would be on.

In the recent past this stock has a history of sudden drops that recover. I do worry a bit that this pulldown is a "reverse goldilocks" not too quick to have a sudden recovery, not too slow to be a consolidation, just right to be a bit of a problem.

Thoughts comments, disagreements welcome (particularly on T.A.)