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Re: None

Monday, 09/12/2016 2:04:21 PM

Monday, September 12, 2016 2:04:21 PM

Post# of 29204
I do believe a back and fill scenario is in the cards. Repair work is needed before any reversal can be sustained. Too much damage in very short order. At the moment a small snapback on light volumm is to be witnessed. It's not a reversal and just the beginning of a sideways movement.
However, support levels are in evidence and they aren't minor.So, general market behavior not withstanding, a wait and watch mode is suggested. For those with longer term horizons and not already loaded up, a little bite shouldn't hurt.
All of this based on the base(s) formed over the last 6 months. I'd expect another at a slightly higher level to form prior to another launch ....which when it occurs won't look back.

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