I have the utmost respect for TA exponents whatever system they use.
I'm using 20 points and 2 box reversal. Only picks the big moves. Suits my trading. In fact that projection was based on prior move sizes since I have not found a method of projecting new highs/lows that is satisfactory.
In any case I see it has already been blown out of the water so I'll fall back on my longterm observation that any all time high has a 60% likelihood of going higher.
