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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: Wade who wrote (54048)8/15/2016 10:19:25 AM
From: Claude Cormier  Read Replies (1) | Respond to of 60901
 
Over which time frame is this Fib line at $31? Don't see it. I agree, the size of the correction is impossible to determine here.

However, base on history, this impulse wave 1 from January can correct up to 25-30%. At some point in time, it will have to as this first wave is stretched to near max. But given that August and September are seasonally favorable, I guess we must think more about a shallow correction (below 20%, ) with a deeper one delayed to October/November. For now, if we correct only the small wave up from early June, then $28 becomes my target for 12%.



To: Wade who wrote (54048)8/26/2016 9:45:01 AM
From: Wade  Read Replies (1) | Respond to of 60901
 
The current GDX Fib line at ~27.7 is acting like a ST support before, but it is a ST resistance at here. We need to see a breakout from here.


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