Permit me to Translate:His opinion that the price should head...

Permit me to Translate:

last day of t+3

T+3 is a term used where a settlement of a trader happens three days after the trade. So traders will often buy and sell within that three day period so that cash outlays are only the difference between the buy and sales and not the whole value itself.

Personally, I dont think its that big a factor in trading action, but it may certainly have *some* effect.

approaching 50% fib retrace of the entire move from 0.6 to 1.7c

A 50% Fib retracement is a reference to Finbonacci numbers. There is a theory that the fibonacci numbers or arthimetic patterns, I suggest you read here: Investopedia for more details.

a bounce is due me thinks

His opinion that the price should head upwards again soon..possibly.