I think we hit a bottom and will recover into tomorrow. I'd really love to check that 8-15 line one more time, to have the confidence to bet big.
I put my money where my mouth is. We'll see if I get killed by this falling knife, or if I catch it.
The amount of time that the bearish line has been on top in the new system is very long. It's rarely up for longer than 1 day continuously. This one is about a day and a half.
It's compressing right now, which is a possible reversal (or continuation). I think the slight majority of the time, compressions end up in a reversal.
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