Hi mdg: There are actually several targets as indicated in blue. Main and 2ndary. These are identified by the 2 separate indicators on the main chart. The brown lines are a version of fib extensions drawn from the pivot low.

    Thanks, Stevieb, so I see

    Posted by mdgfain on 6th of Mar 2020 at 01:39 pm

    Thanks, Stevieb, so I see the brown target with low of 2918 met. So , you would now expect another bounce or since that was a lower low, not much of a bounce then head back to new lows? In trying to get the hang of this thing.  I am guessing a bounce to 2975 or less likely 3057?  Thanks again.

    And since we already bounced to 2978, that could be all we get?

    mdg: There's no way of

    Posted by stevieb294 on 6th of Mar 2020 at 01:49 pm

    mdg: There's no way of knowing that until you see some technicals that indicate one way or another; pennant, STO up or down... something...so far at this moment I see no firm indication one way or another. (though MCD is pointing down)...As they say in advertising "Watch this space" (for one of Matts postings.) But yes, there is a bottom pivot so this COULD be all we get.

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