Dances-Yeah, I'm pretty sure I know what's coming and may trade it when it gets there. Anyway, no need to throw stones on this board, as there's some nice folks here. Nuff said. From time to time I'll be on VVUS and SNSS. Also, depending on the state of the economy & dollar volatility, I play the 2 and 3x ETFs usually emerging markets. Both sides. GL
Can't say I blame you. The chart is looking very suspect here right now.
Longer term this may or may not pay off, who really knows, definitely not me as I only focus short term.
I think the 100-day average was key here, more then even the $1.05 retrace line. While it IS possible we see a double bottom here at $1.05, I do not like the look of the 10, 20 and 50 day MA's. I also don't like that the 100-day has become resistance instead of support.
If I was a betting man... and I guess I am, I'd say a retest of the mid 80's is in store soon and I think only news can prevent that now.