3rd try, 51% chances the low was in. I mean 52% chances, hmm, 52.25% exactly.
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Despite a quick run up, I still don't see signs of a bottom yet....
I've been a MOMENTUM trader over a decade & I only trade setups ranging from scalping, day or swing trading for living. My posts on here are ONLY FOR FUN & therefore not recommending anything to anyone. GLTA.
Down channel from yesterday's late day high not exactly broken after all. Looks like they are trying to not have another huge down day, keeping it just out of danger until the close. Assume counting on the Chinese "Home Team" to give us a gap up open, once again.
Have to give credit for a great idea to PBoC who is going to do perpetual bonds for the regional banks so they will have capital to meet the new lending goals. Looks like a double whammy for Apple. Slashing prices to help unit sales and then facing dropping Yuan reducing dollar value of those sales. At least it will make it easier for them to slash US and European prices.
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