"Applying that "zone concept to Ynxl (sic) right now ( try going back to my last post with a a chart in it, one can see current Unxl PPS just finished a near "hit" on the 50% down retrace off it high. According to the other inicators on the chart, the PPS is a bottoming process where the absolute bottom may or may not have been found yet. On the PPS portion of the chart, you can see the 50MA converging on the 50% Fib down retrace level. Lots of traditional chartists love to 50MA for its interpretative simplicity Ex: If the PPS falls below the 20MA, see how far it gets to the 50MA before regaining any strength) If there are any big fish out there, their temptation will be to wait and see if Unxl PPS is going to collide with the 50MA before making any Buying decisions. In the meantime,with these Bulls sidelined this shorts have the field advantage.
Therefore, from one TA perspective, the intensity of the "fight" may only start to ramp up with a multi-day visit to the 12 to 12.47 area."
So... over a week ago he said 12ish... but he also said it was bottoming and about to bounce up, which seems to be correct. Get your facts straight.