The Black Box

[euterpe1]

I am just saying that the slope of the MACD will not allow a big breakout. If the MACD were pointing up and we kept tagging it, then I'd say your point projection could be very valid. As it is now, I just don't think that's possible at this juncture.

I was thinking that we would make a May high and then an OCT/Nov low. Now I am wondering if it might be a May low. Look at the late Dec into March timeframe for the 03/04 and 04/05. That big down move on Friday gives the current time frame a similar appearance...sharp up followed be steady declines.

Just a thought.