S&D, S&R, Trends, Fork's and Turnarounds, page-434

yep, some buyers were drawn out last night.

That doesn't mean this pull back is over yet, but it might be 'getting close'.

....I mean, it could still fail, and come off further......but,

If this is the beginning of a 'proper' accumulation phase, it is likely to do some pretty radical and broad sideways actions for a while now, probably a few months, with the larger swings becoming reduced over time.

A sharp and complete recovery probably isn't so sustainable, it has to build a cause for a while.

Watch as it unfolds, and at a certain point, the answer will likely become pretty obvious.

cheers



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