One more day of this and we'll see what happens.
Updated
It's approaching the descending trend line and at this price, it will hit it in one day's time. I'm expecting the overall downward trend to continue and while the bulls are calling it a bottom consolidation, the big picture says otherwise. As I wrote previously, we still haven't had the day of capitulation. Not that I want that to happen, but that will be necessary for the bottom to form. That's 30-50% in one day. The bottom pickers may not let that happen and it may only be a 20%-30% decline in one day, and it hasn't happened yet. Be careful out there.
Note
It got a little too close to the line...
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