technical target , page-5

thats interesting
my thoughts are that with the recent low we got a double bottom
and the previous range from 20 to 67.5 was therefore 47.5

when you have a double bottom occurring it is possible to get 2 times the previous range
so while it might seem a little unrealistic it is possible to get this
20 + 47.5 + 47.5 = 115

the high of today at 52 was to me in no mans land thats why still have alot of confidence in the rally

we need to see through seasonal date 4 october next week wich is very important
if we get through that unscathed than you will see a major rally


anyway thoughts from theory
lets see how we all go


have fun