Hi GregorOr would you expect more trading to create more...

Hi Gregor

Or would you expect more trading to create more volatility and bring it down the 0.39c? Was your question.

A bit of a tough call. When I started writing my last post the SP was at 0.52 it was a long post, lots to figure out , by the time I finished the SP was at 0.49.

So the short downward fib played out from a peak of 0.97 to 0.615 , followed by a bounce up to 0.080 and closing at 0.49 all in 5 trading days. That's some rapid action. A little too quick for my liking.

I thought the Big B wave retracement from a initial rise A wave rise from 0.03 to 0.97 would be around to Ret 50% = 0.50. At the time of writing my last post that a ret 61.8% = 0.39 was just an outside chance. However because we went from a closing price yesterday of 0.67 to a closing price today of 0.49 suggests that there is definite panic in the room.

I told people not to panic.

So in answer to your question, after seeing the close of 0.49 today in only 5 days from the peak, Yes a big B wave Ret 61.8% = 0.39 is in my opinion no longer an outside chance.

I took another look at my shot downward fib C wave extensions using Downward A wave from 0.97 to 0.615. In my previous posts I posted Ext 23.6% = 0.53 , Ext 38.2% = 0.48 I neglected to post the following Ext 50% = 0.437 and finally Ext 61.8% = 0.395.

So because of all of this playing out in just 5 days. Because there is panic in the room. I think its a 50-50 call about the Big B wave down reaching 0.39.

The next few days will tell us allot. A bounce would reveal much. So let see.

Just my opinions , DYOR.

cheers Lies