20% correction imminent, page-33

  1. 12,672 Posts.
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    IMO, we may have seen the bottom at around the $32.40 mark... A strong support is forming at this level and already we have seen 3 rejected bottoms at $32.40, $32.60, $33... Long tails are a good sign that a change of trend is forming, as seen when we hit the $50 level... There may be a period of consolidation at a large trading range of between $32 and $40... I don't know how long we will trade in this range, but what i will do is keep buying at the bottom of the range until there is a clear breakout at the $40 level...

    A large trading range is a good thing for future price increases, because once we break this range then the price will quickly rise to $50 and when we break $50 then blue sky... I think we can get to $100 within the next 12-18 months and now is a great time to buy with limited downside left...

 
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