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

To: benwood who wrote (60158)	10/28/2020 11:53:32 AM
From: Horgad	3 Recommendations Recommended By benwood ggersh Rollocaster Read Replies (2) \| Respond to of 60925

A full sized handle on the giant cup going back to 2012 would mean about a 1/3 retracement. I was kind of expecting the handle to be stubby given the current state of things, but you never know. 1/3 of that cup would be about 2150-((2150-1100)/3) or 1800...so smack in the middle of your buy zone.

To: benwood who wrote (60158)	10/28/2020 11:58:26 AM
From: stuffbug	1 Recommendation Recommended By ggersh Read Replies (1) \| Respond to of 60925

Sounds similar to curve fitting - try different moving averages until one works. Here's a better technique - all corrections have ended with a fresh 3 month low, usually not by much. 3 month low in mid March: $1465 Correction Low: $1451 3 month low now: $1851 (Sept 24th) above prices are from continuous futures contract Coincidentally, the 3 month low is currently near the 140 day ma. 140 day ma works most of the time due to the price lag of the average (up to 70 days / 3.3 months)