I'll try again to not be confusing with multiple time frame support levels. The odds are high that we are in a cyclical bull, and I have a set of simple math problems that lead to complex scenarios. I'll try to figure out how to post targets and explanations, and not screw anyone up with alternate scenarios. I don't have a great peak target here that I am very confident in, but think the odds of a 7% correction from a peak are really high, by 12/20. If we spin on that target as if around a dime, and that is a very likely event, it is going to create a very clear road map for me for a few months, just like the spin at 1320 did.
And I don't agree with Zeev with the part of Zeevs scenario that essentailly feels that too much up now will cause us to fall apart again. Those days are over. I will have run for the hills scenarios too however, if deeper than expected sell offs occur