more downside expected, page-192

With the RSI divergence i still think this is a dangerous area for the shorts to be putting on new shorts.

I make it a point never to sell a market that is making a new low.

I can count a small 5 wave decline from the $11.35 peak, so technically its enough to suggest a small bounce to correct the decline.

$8.50 is realistic IMO.

The alt idea in blue is that the wave count is completed but i would need to see substantial evidence to suggest that, the likely idea is a bounce to fail around the $8.50 area for the idea in black.