I wish I had access to charts going back prior to 1990 that I could draw on, as that would help me look at what wave 1 or A was like so we could get a target confirmation. Right now the current drop, if it is a 1 off the recent triangle on the daily, would target 23 or so for the 3 if 1 goes to 32.5 and re-traces 38.2% of that for the 2, and 3= 1.618 x 1.
That's a 2.3% TNX, which is a bit lower than the triangle T/A target Augie posted here this weekend. I'm open to either, as that's what they're going to be using to fight deflation and keep consumers and housing going.
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