At the backlink I was looking for one more small move down, worst case, before a trade-able bounce. The model provided is below. The lowest part of the right hand red bar was at about $56.75.
Actual bottomed slightly lower to $56.30. The red model gives it more credit than maybe it is due. The bounce could peter out at $67 and if this happens in 3 waves then the next down turn will count as 3 or C. Just sayin' for all you options players. 3rds are what options were made for...
Thursday, November 19, 2015
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