Cash is king. Sell in May and go away.

I also definitely agree that the fall is still faster....



We fell below the red line, then we fell between blue and now it's even faster (orange ellipse)

About the bottom. I think that the bottom will look long (weeks or months). I think that the bottom will look long (weeks or months).

But I hope that around 55 to 30, will either bounce (as the 9th June and May 3), or fall slower.

About 50 area support is heavy, a lot of people waiting for this price and I think it will be a long-term profitable price. The bottom but may be below $ 50.

Notice the below chart.  We are pretty much sitting on "support" from April 16 and 17th. HUGE volume days.
I do give where we are a lot of consideration. But I would prefer to buy at 6 - 8 (edit - after looking at the chart I'd say around 17) dollars below where we are at (or more) ($50 is) and thinking we bounce up to form a hammer.

I'm thinking out loud so please don't take this as advice. Rather looking for comments.

I think it is too chancy to buy at the bottom of a red candle with essentially no wick (and on a Friday - weekends can be bad).

You guys seen this already?

http://www.ted.com/talks/didier_sornette_how_we_can_predict_the_next_financial_crisis.html

Can the chart he uses for his theory be generated by any tool out there?

Woo hooo $70 !!!

Very low support above 66, I'm waiting for lower prices with lots of patience.

Finally I made a decent prediction in here. Anyone wants to make a guess how high this bounce will go?

Any chart will work as long as you use it consistently. You can also plot price vs. volume.