Simple's Green Room

[Qui-Gon Kagi]

pennies.....you mentioned the goodman pattern on the hourly chart, but do you see one on the daily chart with the fat leg having occurred from May 22nd to June 13, and the thin leg in process now having begun July 9th? If so, I see 700 to 715 pip on the fat leg with 130 approximate pips remaining on this current thing leg to get us to the completion of the Goodman pattern. Knowing that the two legs don't have to be exact same length one another, I'm wondering if we won't see somewhere between 70 to 100 pips or so further price decline before UC finally has a good bounce? Or am seeing a possible Goodman wave pattern where none really exists?