123Tom's TA study group

[123tom]

I agree completely with what you said here
I was thinking the same thing about the wall street games. Also your sense of things helped me to take a little profit at the 20-25 area.
I will be sitting back and watching the patterns develop again.

Resistance at 20 area was the math forecast in the current picture
bullish target zone would be the 23-24 blue box. The resistance pattern is winning the current price action so far. I want to see the 15-16.50 area hold strong now. and you can see the price sliding along the 17 area, its slippery here. Needs to try and retest the 20 again. or the bias is looking downward some more,in my view. Even if it does bounce back to test 20...thats a resistance zone. The bullish pattern has to continue and test 24 for me to become bullish with this pattern. Big numbers we are now measuring... the 50 % haircut from 28 is 14. its a target to watch in my view. 26 becomes 13 25/12.50 22/11 ...all targets in the pattern