the inevitable downgrade, page-19

Speaking of the charts, looks like we had an big gap down then a small rally off the bottom yesterday. My charts are showing this to be a bullish trend reversal, can't remember the technical name of this candlestick pattern but it's basically a signal that sellers are starting to disappear and that buyers are starting to move in. That is, it's a sign of capitulation and buyers are starting to accumulate.

Could see a short-term trend reversal from tomorrow/next week IMO, should rise back to $28 minimum IMO. Don't see much more downside for the next week, at least. I think I'll be looking for an entry some time tomorrow if the price doesn't seem to get hammered again. Needs to fill that gap it created, which should be no problem IMO.

Disclaimer: NCM is notorious for setting off false alarms on charting systems, especially lately, hasn't been all that reliable. Hopefully this is the last leg down, at least for now.