I think we may see 3200 very quickly. we consolidated for about 2 months July/aug around 4800. we had a heavy fall into Oct and have consolidated/bounced around 4000. then we started another heavy fall. the recent sideways action around 4000 is starting to look like a half way point pattern to me. 3200, just in approximate terms, should see the job finished.
That all said today in itself may be an up day. There are a lot of daily stochchastics bottoming out atm.
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