THERE SEEMS TO BE SOME MOUNTING EVIDENCE THAT THE FIRST LEG OF THE SHORT TERM DECLINE MAY HAVE COMPLETED OR BE JUST ABOUT COMPLETE.
THE SHORT TERM WORK IS CALLING FOR ONE MORE PUSH LOWER, JUST BELOW 1419.
THIS SHOULD COMPLETE THE FIRST LEG DOWN AND FROM HERE WE COULD LOOK FOR A 50% RALLY OF THE DECLINE BEFORE THE FINAL DECLINE GOES INTO EFFECT.
OF COURSE TIME IS GOING TO PROVE US RIGHT OR WRONG, BUT I AM NOT GOING TO PURCHASE PROTECTIVE PUTS JUST YET WITH THE SIGNALS I AM GETTING FROM THE SHORT TERM WORK.
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