Originally posted by ninner
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It may be like MFLX. That dog just continued to slice through support as if it wasn't even there. Or it may bounce. Last week for POTW I shorted a dog and it turned arounded and bit me. But a huge fall like this, from $45 to $30, well, it ought not to bounce much at all. We will know much more tomorrow: if HANS cannot hold $30, that goose is completely cooked. She'll be below trend, below the 200 day, the 200 week, she'll be solidly in bear territory.
The PnF chart called this one on 3 August--last Thursday.
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