going too far - friday, page-9

The 12.5% is a 1/8th extension of the range up to that high from the October 2011 low 1074.77 (Euro crisis). The level at 12.5% is 1811.74. I've seen this a few times and been burned short here before. Don't be fooled by a flat top or lower double top (the second 2 tops are lower than the first be a few points) as this is different and is going higher with a large short covering rally which will be a multi day affair. Then again, I could be wrong. I've been wrong many times before.