Scale in please, there has been cases where price dropped a further 10 percent before expansion occured. On the whole we are near bottom but I would price in a possibility of further 10 percent decline. Other than that load the ship.
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A quick update!So we have fallen 12 percent since this post which is a little more than my orginal forcast of 10 percent. If we continue to head straight down without bounce I frankly dont have any good explanations. This price action has been brutal and I am hoping the 50 week moving average will give us a significant relief rally. We shall see. To be honest I am a little afraid we still havent seen capitulation as bulls continue to try to stop the bleeding after ever 5 or so percent drop. A major flash crash could be on the horizon and if it happens I will openly admit I will be liquidated. I am buying heavily in this area as I make my last stand. RIP me if we flash crash. Good luck boys.
