Well we have almost seen the 35c I said was my primary guess as to where the retrace would get to, and it is only early so my more speculative figure of 30c could possibly get hit if a stoploss cascade happens... Only problem for me is that the options holders seem to be a little more stubborn (or clued in) and aren't selling... so much for my strategy of buying more options (targeting 10c)... only early days yet though, as if it plays out to the usual script, we will have plenty of time to make a move.
Maybe it will be different this time... but it is looking more and more like the Old VPE to me. If it is, then expect that once the dust settles for there to be a sideways movement with ups and downs for a while.
Ho Hum...
Tony.
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fibonacci retrace 61.8% sp fall to $0.41 , page-28
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