Hello Auntie, yes, down here in Chez Fallout Shelter the view has been decidedly dim.
I have breifly broken out the old Singer Sewing Machine treddle that some industrious kind cleverly converted to an auxiliary power source - fired up the 286 and it would appear that the tea leaves are indicating it would take a break by QBE above $7.65 to signal the end of the Cubes downward perambulation.
Support around $6.30 - $6.40 would be suggested by the cunning machinations of Fibonacci's patterns producing a 38.2% retracement level at this point.
$7 is the 23.6% retracement...will QBe hold above there or fall back through, retest $6.40 before eventually and over the medium term trudging onwards towards $5.70 and finally $5.10.
Of course, I could also be competely wrong. Its not entirely unknown...........
Trust that harbour view from your bed is not becoming to passe. I have decided not to enquire further as to the significance of your....great uncle was it ?
