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[123tom]

IPIX plunge....

Impressive Slam down today.

You'd think the news was catastrophic.

what a game.
Ok, well, it shattered the rally chart pattern again. the Fibonacci retrace had support pullback targets around 90 cents/85 /80 at the lowest. this was a dissolving of the rally wave, just like the last 3 times.
Back to the starting line at 70 cents. Could it plunge to mid 60's again to finish the sell off? I suppose it could.
Resistance targets overhead now, start at 80 cent area. its as if there never was any rally surge to 1.17, and now we're back at 70 cents....post "news"

this could be a little ugly for the week. lets see where the MM's hold the support line....so far they have held 72 today. where would be a nice bounce...I'll be happy enough to see it target 92 cents.for now.

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