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Re: xlt leader post# 6760

Friday, 08/23/2013 12:22:20 AM

Friday, August 23, 2013 12:22:20 AM

Post# of 40502
Lol , how did it miss the fib? you obviously have no clue how the fib works then. It did a perfect 50% (1.50's), and then it finished with a perfect 60% (1.22).

this is "the" pattern that repeats itself ALL over the market countless times.

Notice how the 60% retrace mark was also the 50 ma.. Lol too perfect. It will settle down around 1.50 area and then probably build some stairs back to $2 and beyond.

For now we just need to make sure it doesn't want to go back to the 50MA....

I say if the support checks out at 1.38/1.42 then we'll be back pushing $2 in mid sept.

Ihub is news and opinions. I do not give professional advice.

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