In the backlink I provided the chart below which suggests a final bottom would come in the low 30 cent region.
The chart above had some obvious numbering typos and so I re-did just the blue 5 wave from scratch. The end of 5 still came out to the same level of ~ $0.32 simply because this is where the 1-3-5 line would put wave 5. Of course, it is always possible that I am off by one small wave here and that is big percentage swings because of the scale. I'm looking now for a break out above the top rail in the area of the red circle to indicate that this down wave has finished and a bounce, hopefully not a corrective one but rather a motive one, is now playing out.
Friday, October 2, 2015
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