Short Term Trading Member Forum

[techcharter]

I've seen enough of FRE

With the volatility the past couple days (4% swings), FRE looks to have completed wave 2 bounce of the larger wave A down. Since it looks like wave 3 is under way, the next 4 weeks will be a very 20% drop in price to the low $50s. That's the best scenario of wave 3 = 1.618* wave 1. I'm looking for this to be a much larger drop because the ultimate price for FRE will be $0.

Sell all bonds. Cash as well as gold will rally as a safer place to put money.

http://stockcharts.com/def/servlet/SC.web?c=fre,uu[w,a]dacayyay[dc][pb50!d20,2][vc60][iLp14,3,3!La12...