CLIFF NOTES: in November 2013 I posted that a .618 price projection was hitting in/around 10376 level. while it did cause a month of selling AND gave a monthly signal (go look at the chart) the market subsequently “recovered” and caused the pattern to fail. Now, we have “another” pattern completing as shown below. Patterns do fail. That’s been proven .. however, a majority of the time they WORK. So, watch the swing low (it’s a monthly) and keep your powder dry. Also, the musical note F# ratio of the equal octave scale is 1.68179. Just showing that a .68179 projection works also … it’s all music.
Folks, a 10,20,30% correction is NEEDED.
