We could see a bounce from where we are currently trading at though!!! ($122.13!)
simbha
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@diazipa, I am still holding for Mid-Sep Calls.
However, 118 break down can take it to the next support @100.
Only concern is Monthly MACD turned down and any rally here likely to fade and PPS moving sideways to down.
diazipa
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I see; but i really think there is a high probability we bounce from here. Based on historic data, this drawdown level (in percentage terms) have yielded at least a 10% bounce in the next 100 to 200days 100% of the time. I think we can see at least $130 before the end of the year
simbha
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@diazipa, Somebody heard you and $130+ is soon here..