stand by for CR, EPS downgrade, writedowns, page-88

Most times bear rally = short covering and not genuine buying. The week of 8th March is a sure sign that price struggle past the recent resistance at the time and formed a reversal bar. The rotation of price hitting that weekly resistance was suggesting to me that there was a very likelihood of a triple bottom formation with the DB in place. Some would argue that triple bottom potential is a good sign price should hold but when it doesn't, you see a rush of bull stops gets taken out and bears on the sideline jumps in.

I know Crude is not the real trigger since STO is more a gas play but the correlation of crude to gas is very positive.