TJ skins, You may well get your chance but that might be days...

TJ skins, You may well get your chance but that might be days away. To see a final bottom as just a spike down as we saw today would be unusual. After this bounce, which may go on for a few days I would expect a nice curved solid bottom to form which will the the Eve to today's Adam. I have seen many "eve" bottoms form above, below or equal to the preceding Adam bottom but in this case 1.30 is still screaming to be touched.

No one can say for sure exactly what will happen but if I was a betting man then I would suggest that tomorrow's call will be a catalyst for an upward kerfuffle that will last a day or two before we descend to form the final bottom which, when we get there, may be a number of days in the forming.

BTW, I keep comparing the 1PG chart to the ELD chart. ELD hit 4 bucks yesterday. In 1PG terms that would be equivalent to 1PG being between $2.60 and $2.70 by the end of July.