| | | Thank you for your assessment Rob, I appreciate your opinions and views, as I'm sure many do on both boards.
Thank You.
We have total indecision at this level S_W, ... I am still on the sidelines waiting for some type of confirmation as I think you are as well.
I dont own anything at this point, I think we will see "Overall" lower levels in weeks and even months ahead, I sure could very well be wrong, but that will be a problem that I will deal with.
Its still consolidating, I dont see a trend or a pattern that tells me if we are moving higher or lower, it actually leans a bit bearish in my opinion, as its stuck in between the MA's.
The 200-day has been successful in holding it up thus far, but the recent island gaps are concerning.
We had a bullish gap early in the week off of a high-wave, it formed a selling tip and gaped down the next day. On that next day we had a spinning top as sellers dried up as it gaped into this morning, and thus far, we've not filled the intra-day gap from last evenings close to this mornings open, so I sit and watch.
Its bearish to see the 20-day drop bellow the 50-day.
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Here is MUX's SMA. You wont see much difference due to the time-frame, but here too we see the 20-day dropping. Volume is weak, many are sidelined in my opinion, today's rise looks to be on yet weaker volume.
All those black sticks are bearish, they open higher, move and close below the open, we've had just 2 white sticks throughout this whole MANIPULATED sell off. BASTARDS!
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