Despite the continued selloff that took prices well below the 6.50 weekly support level, the VHI (Valhi Inc) trade idea is still alive and well for now. Although the stock has yet to take out the intersecting downtrend lines on the 2-hour time frame, the fact that VHI has hammered off the bottom of the descending channel, especially on high volume & on the heels of a potential capitulatory 2-day, high-volume sell0ff, could have near-term or even longer-term bullish implications. Most importantly, I want to see the stock move back above the 6.50 weekly support level by the end of the Friday (i.e.- a weekly close as that support level was based off the weekly chart). Updated 120 minute & daily charts below.