Monday, May 4, 2009
The FAZ Breakdown (or Throw Under)
I think its got some more to fall but not much. Question is is it a trow under or a massive breakdown with the MM's trying to actually pummel the shorts into submission? Pretty incredible action. Guess they don't want anyone betting against "them". My best guess is that when it does correct up it will be quick and swift. I am also expecting it to form some sort of double bottom or to have a dead cat bounce before the ultimate run up to fill the gap and possibly beyond in P3.