Thermite-level selling at 17000 going to make it hard to
approach that level without further lows. Short-term lows
extended the megaphone top lows from last year's Ebola
plunge. Now we have a 2000 pt. trading range for the
banksters to get back into the vol premium game. Projecting
today's lows as a low for the right shoulder and a bounce to about
16,900, then a 100% extension takes us to the 14000 level targets
give or take.
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Posted by hatefalseweight on 24th of Aug 2015 at 11:56 am
Thermite-level selling at 17000 going to make it hard to approach that level without further lows. Short-term lows extended the megaphone top lows from last year's Ebola plunge. Now we have a 2000 pt. trading range for the banksters to get back into the vol premium game. Projecting today's lows as a low for the right shoulder and a bounce to about 16,900, then a 100% extension takes us to the 14000 level targets give or take.