Hi Myron,
Y'noe, I was sittin' here, chewin' on this here toothpick, and I sez to myself, "self", I sez..."mebbe it's time to drop in on cuzzin JBIL". Soes I did. Well...Thar I wuz, face ta face with that ol' JBIL critter. I had the chart on my side so I knew I could outsmart the critter if I didn't let its brawn cloud my faculties. There's a downside of 23 1/2. It put up a head and shoulders, with a downtrending neckline no less, and is in the first 2 days of breaking down.
The other side of the coin gives it upside potential to 54 although that would require reversal of the current dynamic which is showing a classic major selloff of what is usually considered excess. The selloff is likely to reach well into overdone levels and when the technicals read "buy", don't ignore it. If I haven't addressed your question here, smack me upside the haid and restate the question.
Ho, Ho, Ho,
Doug R
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