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The Potion


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I have a little cmap problem. Because of yesterday'ys abnormal spike, it's hard to say where the downside projection for this move is. Could be anywhere from 920 to 910.

 

Looks like 1 day cycle low starting to form, but if it can't get out of it's own way, ten it's trending and will just slide gradually. This thing was so overdone on the upside, don't rule anything out.

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Careful, folks, let's not get too euphoric just yet. COMPX is approaching minor support at 1441. Given the selling so far, we might get a weak bounce attempt here. The downturn is just beginning - but daytraders might want to tighten their stops here...

 

Regards,

Vesselin

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