Well, it Should Have been an island bottom. The open should have been .86 or higher, but someone decided against it. Oops! wish they didn't do that now I suppose.

At least I did say 'It'll B bottom'. Z bottom.

Cards are now on table for the V bottom. Like someone else said around here somewhere, the DB bottom some may have been hoping for looks unlikely after today's candle. Z bottom is in. The downtrend of the last wave has broken to the upside. Which means, everyone's now looking for proper plausible retrace targets.

And, the train is on the way there.

It's always nice when the bottom candle is easily identified, and I suppose 'hammer' is as easy as it gets. Still, it was painted (perhaps for good reason if it was MM) to NOT create the (island bottom) gap on the chart....hopefully it doesn't start getting too gappy just yet. Throw away the paint, and its a bottom formation that bookends the top one nicely.


They may try to put the genie back in the bottle, but the chart(s) don't say 'over bought' just yet.


Whether it's Zen's graphite, or that of the other lump providers, no matter where they find their way into the markets and which customers get access to the stuff, this play has always been about 'competitive advantage' creation for the end user. It's nice to finally see them put those exact words into a NR.


H