today has been a gooood day. EDSN is showing great strength and I think we may close around .52 or .53 despite the market downturn. Most of the sellers/daytraders seem to be gone, and our steady stairstep down seems to be almost over if not completely over. Even with no news we could see small gains each day.
day traders won't buy now--only people who will hold for a little while at least.
I disagree with you in that daytraders can see the reversal of the downtrend into an uptrend
today would be a great day to catch the next ride up
money flow is also on the rise which is a good sign in that more people are willing to trade at the ask as opposed to the bid (the traders perception is that he/she does not want to miss out on the uptrend)