bottom

G'day,

I am confident that PBI has visited an important and substancial low this morning. I expect this mid 30 zone to consolidate over the next day or so, and then a strong rally.


My call is a close of 35 today, this being a closing low.


It will then have its first substancial snap back since the tops of 60.

You will notice 33 is spot on a substancial trend line.


35 a 62% retrace from rise from 20.



In short I think we are seeing the last of the panic selling, and it is going into the hands of the experienced.


Good luck to you all