Too flat of a bottom in France to stick. Unfortunately, we need to end with something that looks a whole lot more like capitulation. Need one final steep drop on above average volume to wash the last of the weak hands out, then we can move higher. This does not look like the bottom to me.
Just because you don't tend to get trend reversals on low volume. Nothing really more scientific than that. When you get low volume reversals they tend to have to go back and retest the bottom at least once before they stick, and the second test down is usually heavier volume than the first. We haven't had a volume spike, nor a double bottom yet, so I think we may have another few percentage points down to go. As always . . . just IHMO.
because he is looking to buy back in as cheap as he can and wants to use the message board to voice his concern and maybe it will help his cause...though most flippers have failed at this with ALU this year...I suspect that our friend turned foe is currently up thousands and thousands of dollars. It will be nice to have him back on our side again soon :)