XJO - Bear Posts only (Factors which might cause the markets to fall), page-12538

Where Log scale charts fail ...

This shows a Fib Retracement... It may not look that bad, but that is 66% down from its highs (therefore it looks ok... but it isn't).

If I consider the first major move down from the top, we might expect a continued drop to around $1.30 (and I don't think that will be the end). This has all the hallmarks of heading about to around 20c... Now anyone who is buying the heck out of this, might want to be very careful... Either scenario is looking disgusting for their positions.. but what would I know.. I am not making money like others who are definitely smarter than me...