Still damned if you do, damned…

http://schrts.co/tXAfNmEr

As we wrote last week, we dipped a tiny toe into the market  while repeating our mantra:  if this doesn’t work we’ll run for it.  Well, we did run for it.

This in spite of technical tools which point to higher prices.  If we ran a rule-of-seven analysis (http://www.edwards-magee.com/ggu/ruleofseven.pdf/) on this wave we would get target prices of  2921 and 3112.

Not only that, the PnF analysis has a target of 2809.  These may very well be accurate it’s just that we didn’t want to get seasick from volatility.

 

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