I was wrong about that initial bottom but I'm still buying small amounts down near these lows. I think it closes above $55 today at least then near $60 next week. The way it went down so quick it can snap back the same way. This is what the machines can do in light trading.
Agreed...but I think the $54.17 is the bottom for today. I've been buying down here hoping for the $58-$60 next week. The market is rigged with the HFT's running the show that's why mom and pop stay clear. Hedge funds and brokers control the show.