I sincerely doubt it will drop that low. But if a severe downturn occurs - well who knows. If the news tonight regarding Bernake, new home sales, and Obama's State of the Union address come off winners = expect late this week and next week to rebound. On technicalities 1.95 is about where she should retrace.
I say 1.90ish but who really knows???? Not me.
Watch the dow - do not cactch a falling knife - all stocks will fall if the dow continues.
MMX, AGO both very cheap now.
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