Well guys...This is my third attempt to publish this chart and allergies are raging today soooo I am going to be lazy and not give much of an explanation here. Essentially what I see happening is a total repeat of our cycle that lead us to our local low on the drop from 20k. I think this cycle is repeating and we are likely to test support down in that area. My first target is in the 7500-7800 rage, second target is 6.4 range and if that break then I would find a safe place and batten down the hatches for the long winter. Just since I started working on this chart we have gone down 300 points! wow...gl out there guys
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Wow guys, my target of 6.4 was hit perfectly! I am lucky!