Hi RC Didnt seem much help to reply last night as you had read it pretty well yourself... and certainly not smarter than you... Anyway here is todays move. What I am looking for are support and resistance history levels as these may repeat, Its a little like what Point and Figure charting does..then look at trend line or wider trend channel convergence points , Then look at historic oscillator ranges in both momentum and volatility which may give you the oversold levels for potential support or reversal. So clutching at straws picking bottoms isnt a way to trade but you asked for it perhaps as some consolation, These same methods will however give you clear signals of when its safe to buy back in a little later..
Heres the RSI in oversold levels and the stochastics almost there on the daily charts, The .745 level was resistance and became support Nov 2011. Its at a midline on its long term standard error channel ( which also equates to an Andrews Pitchfork retrace Target) Like looking for toilet thieves, we dont have much to go on..
Heres the intraday showing the High relative volume on open today which can commonly occur during a tree shaking at a bottom, Algorithmic Bot traders are clearly at play , One needs to ask why ?
K2P Price at posting:
81.0¢ Sentiment: None Disclosure: Not Held