03/31/2017 – I like the .786 level in/around 10.95-11.56. Note the percentage change from the 2000 high (-64.69%) and how that same percentage change is present now right at the .786 retracement. We are at 40+ years low on the RSI and some overlapping ratio’s. It’s do for a very nice bounce.
12/7/2017 – see below. it’s pretty darn busted up …
wait for a little lower?
note all three legs up (blue arrows) were exactly the same and so this move down was to be expected. using the last ‘big’ move down as a projection and it comes into that 23-24 area.
I DO NOT LIKE THAT IS HAS REACTED WEAK ON THE LONG TERM LOG TREND LINE FROM 2009.