When there is nothing else to gauge the buying or selling point, people pay attention to the so called resistance or support. But if a dog wants to be a man, he must be a man to begin with. And as soon as he is done with the fun of the doggy days, he will change his costume and then there is no such thing as immediate resistance, though he might have to catch his breath once in a while.
Anyhow, for some reasons TA indicators worked again this time and 24 definitely was a double bottom. Now, shorts beware, more disaster to come, so it is butt-covering time, we will not see the teens. If you ever go short on this dog, don't be greedy, the game is over. Such rebounding can be very violent, if history would ever repeat itself. |
