Bob and RtS, you must look at a weekly chart as well - for perspective stockcharts.com[w,a]waclyiay[de][pb30!d20,2!f][vc60][iut!Ub14!Lp14,3,3!Lf!Lk14]&pref=G you'll see the uptrend is intact.
Bob, you said >Gap down thru and below BB midline suggests we'll push the Bottom BB down.< More often than not gap down did not cause the lower BB to go down. stockcharts.com[w,a]dhclyiay[dc][pb50!b200!d20,2!f][vc60][iUb14!Uk7!Ul14!Lp14,3,3!Lf!Lc20!Lah12,26,9]&pref=G looking at past gaps down, the BB actually went up.
I suggest you guys are too involved in the moment. If you're LT invested and holding for a double or whatever multiple you expect, what do you care about interim wiggles?
Gottfried |
